You plan to buy ahouse and you can afford to pay a monthly mortgage of...

You plan to buy a house and you can afford to pay a monthly mortgage of $801 over 30 years. The bank has offered you a 3.34% interest rate, compounded monthly.

How much you can afford to borrow for the house?

Please round your answer to the second decimal without a dollar sign. E.g. 1234.56

Expert Solution

jeff jeffy answered 2 years ago

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