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Question 3 (4 points) If your mortgage payments were 53.600 per month for 5 years and that your new mortgage payments will be $3.000 per
Question 3 (4 points) If your mortgage payments were 53.600 per month for 5 years and that your new mortgage payments will be $3.000 per month based on a current 20 year mortgage of 5480.000 you decide that you can afford to borrow extra money and put it towards converting your basement into a rental suite. How much money can you afford to borrow to keep your payments what they wete during the first 5 years? And what is the amount of your new 20 year mortgage at a rate of 44%? Format ... O ii f
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