A buyer can afford no more than 500 per month in payments


A buyer can afford no more than $500 per month in payments. The most favorable loan available in the market is a 30 year loan at 10%. Buyer's parents say they can pitch-in a 10% down payment. What is the highest priced home this buyer can afford?

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Dissertation: A buyer can afford no more than 500 per month in payments
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