# 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 51600.00Answer by stanbon(57940)   (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 ---- 0.25*51600 = \$12,900.00 =========================== Cheers, Stan H.