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A lender has determined that, based on your income, the maximum monthly payment you can afford is $850. If the current interest rate on a
A lender has determined that, based on your income, the maximum monthly payment you can afford is $850. If the current interest rate on a 30-year, fixed-rate mortgage is 5%, what is the maximum loan amount you can borrow? $158,340 $125,394 $13,067 Not enough information to calculate
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