Housing comparison and mortgage rates

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Reference no: EM131535429

a) Housing Comparison: Assume that you and your high school graduate counterpart plan to spend 25% of your gross income on house payments

b) Look up thecurrent fixed rate APR for mortgages and use Excel to determine the largest value of a house that each of you can afford under those conditions. Cite what source you used to find mortgage rates.

Reference no: EM131535429

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