Bob estimates he can afford a monthly mortgage payment of $575. Current interest rates are 6.75%. Calculate the mortagage hecould assume for each amortization period.(adsbygoogle = window.adsbygoogle || []).push({});

A) 15 years

the extra info is that the monthly payments per $1000 for this percentage + 15years is $8.85.

How would you do this problem?

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# Calculate the mortagage he could assume for each amortization period

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