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9 May, 06:21

Mark and Edina have saved $15,600 and make a combined pay of $8,754 each month. What is the maximum amount they can spend on a house (loan and savings combined) ?

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  1. 9 May, 09:45
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    Given: $15,600 - savings

    8,754 - combined pay each month

    Unknown: How much maximum amount they can spend on a house (loan & savings combined) ?

    Solution: $15,600 + 8,754=n

    Answer: $24,354 is the maximum amount they spent (loan & savings combined)
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