asked 159k views
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PLEASE HELPPPPPJohn and Kathy are shopping for their first home. Between the two of them, they feel they can afford a $1400 monthly house payment. The bank has already preapproved them for a 30-year loan with 5.4% interest. What is the maximum house price John and Kathy can afford?

asked
User Rowan
by
8.3k points

1 Answer

6 votes

Answer:

4860000

Explanation:

just multiple the interest by monthly payment and then by 30

answered
User Troyer
by
8.4k points
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