You want to buy a house you have 30000 for down payment and, Financial Management

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You want to buy a house you have 30000 for down payment and

You want to buy a house. You have $30,000 for down payment and closing costs. The down payment is 5% and the closing costs are 5% of the loan amount. The bank is willing to allow you to make monthly payments of 25% of your salary at an annual interest rate of 8% for 30 years, and your annual salary is $30,000. How much can you offer for the house?

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Financial Management: You want to buy a house you have 30000 for down payment and

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