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Yan and Nathan want to buy a home. Their bank requires borrowers to pay 15% of the purchase price as a down payment. They have

Yan and Nathan want to buy a home. Their bank requires borrowers to pay 15% of the purchase price as a down payment. They have saved up $33,900 for the down payment and will take out a 30-year loan at 6.6% interest for the balance.

what is the maximum loan amount Yan and Nathan can have for their $33,900 down payment? what will Yan and Nathan monthly payment be?

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