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  • 25-11-2022
  • Business
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Given the following information on a fixed-rate fully amortizing loan, determine the maximum amount that the lender will be willing to provide to the borrower: loan term: 30 years; monthly payment: $800; interest rate: 6%. A) $6,707 B) $9,295.15 C) $13,333 D) $133,433

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