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You are evaluating financing options for a loan on a house. You decide that the maximum mortgage payment you can afford is $650 per month.

You are evaluating financing options for a loan on a house. You decide that the maximum mortgage payment you can afford is $650 per month. The annual interest rate is 8.4%. If you get a mortgage that requires you to make monthly payments over a 30-year period, what is the maximum home loan you can afford

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