ats) Consider a homebuyer/investor who plans to buy a new house, the price of which...
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ats) Consider a homebuyer/investor who plans to buy a new house, the price of which Suppose the buyer does not have any initial savings for the down payment. To buy the house, he needs to borrow S 500,000 from a bank in the form of a mortgage loan. The mortgage 3. (15 poi is $ 500,000. 30-year-fixed-rate mortgage. After buying the house, the buyer budget is s 30,011 per year. That is, if the mortgage asks him to repay more than $ 30,011 per year (this happens when the interest rate is too high), then he cannot aford it and would choose not to buy this house. Derive is a the investment of this buyer as a function of interest rate r
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