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You'd like to know how much you can borrow from the bank using a 30 year principal and interest (P&l) home loan. You can afford

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You'd like to know how much you can borrow from the bank using a 30 year principal and interest (P\&l) home loan. You can afford monthly payments of $8,600. The interest rate is 7.44% pa compounding monthly which is not expected to change. How much can you borrow now? Select one: a. $1,387,096.77 b. $1,239,054.6 c. $1,237,213.18 d. $1,194,444.44 e. $1,104,181.85

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