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Marc can afford a $750 monthly mortgage payment. If the current mortgage rates are 5% and he wishes to have a 30-year mortgage, what is the maximum amount he can afford to borro…

Marc can afford a $750 monthly mortgage payment. If the current mortgage rates are 5% and he wishes to have a 30-year mortgage, what is the maximum amount he can afford to borro…
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Marc can afford a $750 monthly mortgage payment. If the current mortgage rates are 5% and he wishes to have a 30-year mortgage, what is the maximum amount he can afford to borrow?

asked
User Djna
by
8.4k points

1 Answer

7 votes

Answer:

The answer is $139,711.

answered
User MicRum
by
8.3k points
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