Narrative 14-2
for Problems in This Section, Use Table 14-1 $9 \frac { 1 } { 4 } \%$

question 48

Short Answer

Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. Lynn Albright is applying for a 30-year, $9 \frac { 1 } { 4 } \%$ mortgage. She can handle payments of principal and interest of $372 per month. What is the maximum amount of dollars she will qualify to borrow?