mr and mrs smith are considering the purchase of, Finance Basics

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mr and mrs smith are considering the purchase of

Mr. and Mrs. smith are considering the purchase of a house. They can afford to make a mortgage payment of $750 per month. If the current mortgage interest rate is 9% with monthly payments for 30 years and they make adown payment of 20% of the purchase price, can they buy a house costing $11000?

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