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given the following information, determine the maximum loan amount of the canadian mortgage: maximum GDS ratio is 32%, annual gross family income $78,000 estimated monthly
given the following information, determine the maximum loan amount of the canadian mortgage: maximum GDS ratio is 32%, annual gross family income $78,000 estimated monthly real estate taxes $200, anticipated interest rate on the mortgage loan: $7.5%: mortgage maturity: 25 years, non mortgage debt payment: $600.
A. $256,986.86
B. $174,969.78
C. $254,400.87
D.$173,209.10
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