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A young married couple has carefully looked at their budget. After review, they can afford...

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Finance

A young married couple has carefully looked at their budget. After review, they can afford a monthly mortgage payment
of $1,086.00. They go to their local banker and she offers them a mortgage of 4.80% APR with monthly compounding
with a term of 30 years. The couple has enough savings to pay 20% down, so the mortgage will be 80% of the home's
value.
With this mortgage and a 20% down payment, what priced house can the couple afford?
Please work out all 3 questions!
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