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 the maximum amount that the lender will be willing to provide to the borrower. Loan Term: 25 years Monthly Payment: \$1,150 Interest Rate: 6.25% $174,329.75$162,912.96$178,653.45$170,727.55

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