Suppose a bank offers you a 10% interest rate on a 20-year

Last updated: 8/12/2022

Suppose a bank offers you a 10% interest rate on a 20-year mortgage to be paid back with monthly payments. Suppose the most you can afford to pay in monthly payments is $700. How much of a mortgage could you afford? $72,537.23 $75,732.25 $76,237.53 $76,375.32