neshaj
09.04.2021 •
Mathematics
CARLIN:
Has been renting a two-bedroom apartment with her husband and 3 kids; wants to move into a three-bedroom home instead
Took her five years, but she has saved $20,000 for a down payment
Homes in her small town are typically selling for $75,000 to $95,000
Is preapproved for a 3.89% interest rate on a 30-year fixed mortgage
Needs her monthly payment to be less than $400
Rounded to the nearest $500, what’s the most expensive house Carlin could buy?
Solved
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Ответ:
19.5 would come out to be greater than 20
17.5 would come out to be 20, but it must be less than
therefore, 12.5 is the answer