You can afford a 950 per month mortgage payment youve found


You can afford a $950 per month mortgage payment. You've found a 30 year loan at 7% interest.

a) How big of a loan can you afford?

b) How much total money will you pay the loan company?

c) How much of that money is interest?

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Financial Management: You can afford a 950 per month mortgage payment youve found
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