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Alexus [3.1K]
3 years ago
11

Marc can afford a $750 monthly mortgage payment. If the current mortgage rates are 5% and he wishes to have a 30-year mortgage,

what is the maximum amount he can afford to borrow?
Mathematics
2 answers:
Svetllana [295]3 years ago
6 0
$136,280 would be how much he can borrow.
stiv31 [10]3 years ago
4 0

Answer:

The answer is $139,711.

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7 0
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Read 2 more answers
What fraction is between 3/4 and 7/8
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\hbox{between} \ \frac{3}{4}=\frac{3 \times 2}{4 \times 2}=\frac{6}{8} \ \hbox{and} \ \frac{7}{8} \\ \\ \frac{6}{8} < \frac{x}{8} < \frac{7}{8} \Rightarrow 6
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