The Graftons can afford a maximum mortgage payment of $1000 per month. The current interest rate is

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The Graftons can afford a maximum mortgage payment of $1000 per month. The current interest rate is 7.2% compounded semiannually. What is the maximum mortgage loan they can afford if the amortization period is:
a. 15 years?
b. 20 years?
c. 25 years?
d. 30 years?
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