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Posted on Oct 06, 2024

You can afford to make monthly loan payments of $ 1 , 5 0 0 / month on a house loan. The loan is for

You can afford to make monthly loan payments of $

1, 500 /

month on a house loan. The loan is for

20

years at

4 %

APR. What is the maximum loan that you can afford to borrow? Assume END of

period payments.

.

360, 000

.

244, 600

.

247, 500

.

37, 500

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