How much value of home can you afford today

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Reference no: EM132211795

Question - Mortgage rates have been the lowest in over 45 years. Knowing this information, it is now time to take advantage of such rates and buy a house. If your bank rate is 4.96%, and desire your payment to be no more than $1,038.29. How much value of home can you afford today? (Use monthly compounding).

Reference no: EM132211795

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