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A married couple has looked at their budget. After review, they can afford a monthly mortgage payment of $1,000. They go to their local banker

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A married couple has looked at their budget. After review, they can afford a monthly mortgage payment of $1,000. They go to their local banker and he/she offers them a mortgage of 5,4% APR with monthly compounding with a term of 30 years. What is the mortgage that the couple can apply for based on their budget and the offered terms? $201.285.3 $178,084.6 $193,1895 $138,2942

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