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How much can borrow on thirty-year fixed-rate mortgage

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Reference no: EM132725000

Problem 1: You have decided to buy a house. You can get a mortgage rate of 4.95 percent, and you want your payments to be $1,350 or less. How much can you borrow on a 30-year fixed-rate mortgage? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM132725000

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