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The Graftons can afford a maximum mortgage payment of $1000 per month. The current interest rate is 7.2% compounded semiannually. What is the maximum mortgage
The Graftons can afford a maximum mortgage payment of $1000 per month. The current interest rate is 7.2% compounded semiannually. What is the maximum mortgage loan they can afford if the amortization period is:
A. 15 years?(Round your answer to 2 decimal places.)PV $___
B. 20 years?(Round your answer to 2 decimal places.)PV $___
C. .25 years?(Round your answer to 2 decimal places.)PV $___
D. 30 years?(Round your answer to 2 decimal places.)PV $___
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