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

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

Given the following information on a fixed-rate fully-amortizing loan, determine the maximum loan amount that a lender will be willing to lend to the borrower: loan term: 30 years; monthly payment: $2,400; interest rate: 4.2%. O $486,137 O $475,443 O $460,107 $455,753 O $470,945 O $490,780

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