Now that you have compared the costs of buying and leasing, Ask an Expert

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Now that you have compared the costs of buying and leasing a home, the result indicates that buying is the better options. How much home can you afford? So, you pulled out your calculator or Excel Spreadsheet. You know the following: Interest rate is 5%, monthly payments of $3000 (P&I only), and a 30-year mortgage note. What would be the approximate purchase price of the home?

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Financial Management, Finance

Category:- Financial Management
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