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Intro You want to buy a house financed with a 20-year fixed-rate mortgage that makes even monthly payments. The best annual interest rate (stated as

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Intro You want to buy a house financed with a 20-year fixed-rate mortgage that makes even monthly payments. The best annual interest rate (stated as an effective annual rate) you could find is 16%. Part 1 - Attempt 1/2 for 10 pts. What is the most you can borrow if you can only afford to pay $1,100 per month? + decimals Submit

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