Question: Given the following information on a fixed-rate loan, determine the maximum amount that the lender will be willing to provide to the borrower. Loan Term:
Given the following information on a fixed-rate loan, determine the maximum amount that the lender will be willing to provide to the borrower. Loan Term: 15 years, Monthly Payment: $800, Interest Rate: 6%. Please show how to do manually and on a finance calculator
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