Suppose you want to purchase a house. Your take-home pay is $3690 per month, and...
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Suppose you want to purchase a house. Your take-home pay is $3690 per month, and you wish to stay within the recommended guidelines for mortgage amounts by only spending 41 oryour takehome pay on a house payment. You have $17.400 saved for a down payment and you can get an APR from your bank of 5%, compounded monthly. What is the total cost of a house you could afford with a 30 year mortgage? Round your aniswer to the nearest cent, if necessary. Formutas
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