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Math Help - interest

  1. #1
    Newbie
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    May 2008
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    interest

    Hey, I need help answering some problems I have


    James is buying a house on a 30 year conventional mortgage at 6.25% APR. He will put 3% down on the loan. If he wants to keep his monthly payments at or below $1,000, how much is the most expensive house James can buy?

    Thanks
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  2. #2
    MHF Contributor arbolis's Avatar
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    Teyateyaneng
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    This is a double post. You must not double posting. Thanks.
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