Dick and Jane are getting ready to purchase a new home. they are looking to take out a 30 year lone and know the current rate is 45% if they can afford to pay $1000 monthly payments ignoring other costs, than how much money can they borrow for the home purchase

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A: Solution:- Your uncle still wouldn't help you after you found your new job. The bills are right this…

Q: my bank pays 4% interest and inflation is 3 % what is my real interest.

A: given that:  Nominated interest rate = 4%  Inflation = 3% We use here the formula of real interest…

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A: Given that, the monthly payment towards a mortgage is $1130, the number of years is 30 years and the…

Q: Suppose that the total interest that will be paid on a 25-year mortgage from a home loan of $130,000…

A: The loan = $ 130,000Interest is = $ 380,000Total loan and the interest= ( 130,000 + 380,000)= $…

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A: Consider the given information.  The basic price of the car is $25200.    If you are taking a car on…

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Q: The price of a home is $220,000, financed at 7% with a 30 year fixed rate. 20% down and 3 points…

A: The down payment is = Price of Home × percentage of down payment = $( 220,000 × 20%)…

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Q: major airline is plannin

A: Given that a major airline is planning to purchase new airplanes. It wants to borrow $800 million by…

Q: Sally and her family are looking into purchasing a home. The total cost is $260,000. They can afford…

A: Given that The total cost is $ 260,000 . down payment is $25,000The present value PV = The total…

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A: Given Information -  Cost of the car = $17,305 Monthly payments to clear the debt = $397.63 Number…

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A: We have to find the amount to set aside.

Q: You can buy a car for $25,200 or lease the same car for three years for a down payment of $1,500 and…

A: From the given information, it is observed that the basic price of the car is $25,200. If the car is…