Question: Given the following information on a fixed - rate fully amortizing loan, determine the maximum amount that the lender will be willing to provide to

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: 39 years
Monthly Payment: $1,403
Interest Rate: 5% compounded monthly
Given the following information on a fixed-rate fully amortizing loan, determine

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