Ben recently paid off his school loans and is looking to buy a home. He has qualified for an APR of 5.2% and plans on making payments for the next 15 years. He anticipates he can afford a monthly payment of $660.00. How much of a mortgage can Ben afford?
A) $60,000
B) $82,371
C) $87,440
D) $91,000
E) None of the above
Answer: B
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