The President of the United States makes $400,000 annually. While… The

  

The President of the United States makes $400,000 annually. While… The President of the United States makes $400,000 annually.  While still in office, the president’s family has decided to purchase a home that has an estimated property tax of $50,000 and home insurance of $15,000 annually.  Let’s assume that the president’s family has no loans or debt, and they have saved a 35,000 down payment.What mortgage amount can they afford to borrow?  Assume a 30-year fixed mortgage with a rate of 3.25%.  Round your answer to the nearest cent. Math Algebra MATH 123-27B Share (0)