How much you can borrow from the bank using a 25-year principal and interest (P&I) home loan?

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How much you can borrow from the bank using a 25-year principal and interest (P&I) home loan? You can afford monthly payments of $2,000. The interest rate is 2.64% pa compounding monthly which is not expected to change. How much can you borrow now?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jul 25, 2023 02:25 AM

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How much you can borrow from the bank using a 25-year principal and interest (P&I) home loan?

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