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 the borrower.

Given the following information on a fixed-rate fully amortizing loan, determine

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: 5% O $9,295.15 O $149,025 O $6,707 O $133,433 4

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