Find the amount of the down payment (rounded to the nearest hundred dollars) necessary for the buyer to afford the monthly payments for the described home. Monthly salary of $1,965, with monthly bills of $170; $89,000 home with a 30-year 9% loan
Added by Sheena H.
Step 1
- Monthly salary = $1,965 - Monthly bills = $170 - Available income for housing = Monthly salary - Monthly bills - Available income for housing = $1,965 - $170 = $1,795 Show more…
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