question archive Jean is buying a new apartment

Jean is buying a new apartment

Subject:MathPrice:2.86 Bought3

Jean is buying a new apartment. She can afford a mortgage payment of $1110 a month, and a down payment of $19000. She obtained a 16-year loan at 4.85% compounded monthly. What is the most expensive apartment she can buy?

Express your answer rounded to the nearest cent!

Apartment price = $ 

Option 1

Low Cost Option
Download this past answer in few clicks

2.86 USD

PURCHASE SOLUTION

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 3 times

Completion Status 100%