SOLUTION: Assume you can afford a down payment equal to 25% of your yearly income. What purchase price can you afford for a home. yearly income is 51600.00

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Question 391330: Assume you can afford a down payment equal to 25% of your yearly income. What purchase price can you afford for a home.
yearly income is 51600.00
Answer by stanbon(57940) About Me  (Show Source):
You can put this solution on YOUR website!
Assume you can afford a down payment equal to 25% of your yearly income.
What purchase price can you afford for a home.
yearly income is 51600.00
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0.25*51600 = $12,900.00
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Cheers,
Stan H.