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A couple believes they can afford a monthly house payment of $ 2 , 1 0 0 and would like a 3 0 - year

A couple believes they can afford a monthly house payment of $

2, 100

and would like a

30 -

year fixed

-

rate loan. Currently, the rate for such a loan is

4.2 %

compounded monthly. To the nearest dollar, how much can the couple afford to borrow?

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