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Sue has established that she can afford a weekly payment of $ 5 5 0 . She would like to have a mortgage with an

Sue has established that she can afford a weekly payment of $550. She would like to have a mortgage with an amortization of 30 years and a 10-year term. Current interest rates for a 10-year term are 6.95% compounded semi-annually not in advance. What the maximum conventional mortgage amount Sue would be able to acquire?

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