Ask Question
24 September, 15:24

Harrison is ready to purchase his first home. Current interest rates for a fixed, 30 year mortgage are 3.6%. He wants to pay no more than $750 per month on his home. How expensive of a home can he afford?

+5
Answers (1)
  1. 24 September, 15:38
    0
    750x12x30x1.036

    =$279720.00

    this works by:

    we can pay 750 per month so times 12 as there are 12 months in a year. the mortgage is for 30 years so times 30, and then the mortgage is 3.6 so times 1.036 (=100%+3.6%)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Harrison is ready to purchase his first home. Current interest rates for a fixed, 30 year mortgage are 3.6%. He wants to pay no more than ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers