You can afford $1,000 per month as a house payment. If you can get a home loan at 5.2% interest for 15 years (paid monthly ), how expensive of a home can you afford? In other words, what amount loan can you pay off with $1,000 per month for 15 years?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.43TI: Sean’s new car loan statement said he would pay $4,866.25 in interest from an interest rate of 8.5%...
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You can afford $1,000 per month as a house payment. If you can get a home loan at 5.2% interest for 15 years (paid monthly ), how expensive of a home can you afford? In other words, what amount loan can you pay off with $1,000 per month for 15 years?

Please don't answer in handwritten..thanku

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