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Jade would like to take out a mortgage to purchase a new house. She has a 30 -year loan offered from her local bank with

image text in transcribed Jade would like to take out a mortgage to purchase a new house. She has a 30 -year loan offered from her local bank with an annual interest of 3.979%. She would like her mortgage payment to be no more than $1500 per month. What is the maximum amount that she can borrow? $315000 $42800 $318000 $540000

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