Will need to get mortgage loan

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Reference no: EM131837757

Your older sibling has been working as and IE for Proctor and Gamble for a few year and is now thinking about buying a house and will need to get a mortgage loan. Your sibling can afford monthly payments of only $500. Thirty-year fixed loans are 4.1% APR compounded monthly right now. What is most expensive house that your sibling can afford to purchase today?

Reference no: EM131837757

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