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Question
Maximum Purchase Price
In New York City a young couple should expect to spend 40% of income on housing. David makes $25,000 per year as an opera singer and Penny $60,000 as a teacher. property taxes and condo fees, total $1,000 per month. Mortgage rates on 30 year fixed rate loans are at 4%. The couples parents will gift them the required 10% down payment. What can the couple spend on their condo?
Answer
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Related questions
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General
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