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Odarta can afford to pay $12,000 at the end of each of the next 30 years to repay a home loan. If the interest rate

Odarta can afford to pay $12,000 at the end of each of the next 30 years to repay a home loan. If the interest rate is 5.50%, what is the most Odarta can borrow?

a. $174,404.94

b. $869,225.74

c. $218,181.82

d. $360,000.00

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