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5 7 If you are a mortgage lender, what is the most you are willing to lend a borrower today in the following situation: The

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If you are a mortgage lender, what is the most you are willing to lend a borrower today in the following situation: The borrower has promised to pay you $10,500 at the end of each year for 30 years and you want to earn a 5% annual rate of return. Amount the lender is willing to lend

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