Question: 1 1 . In the second scenario, Liam could pay back the loan in 2 0 years instead of 1 5 and reduce his monthly

11. In the second scenario, Liam could pay back the loan in 20 years instead of 15 and reduce his monthly payments to $6,000 with an annual interest rate of 4.5%. He wants to know the loan amount he should request with those conditions.
Use the monthly interest rate, the loan period in months, and the monthly payment to calculate the loan amount for the 20-year scenario.

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