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  1. example 4 Home Mortgage Chapter 5.6 A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house? 2009 PBLPathways

  2. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  3. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  4. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house? Present Value of an Ordinary Annuity If a payment of $R is to be made at the end of each period for n periods from an account that earns interest at a rate of iper period, then the account is an ordinary annuity, and the present value is

  5. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  6. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  7. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  8. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  9. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  10. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  11. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  12. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  13. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?

  14. A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If the interest rate for a 25-year mortgage is 6% per year on the unpaid balance, how much can they spend on a house?