Question: Submit test point(s) possible The bank has determined that, based on a TOS ratio of 40 percent and other factors, the maximum monthly mortgage payment

Submit test point(s) possible The bank has determined that, based on a TOS ratio of 40 percent and other factors, the maximum monthly mortgage payment that lanna qualities to make is 52224. The five-year fixed rate of interest is 6 percent compounded semi-annually and the mortgage is to be amortized over 25 years. What is the maximum value of the mortgage that lanna may obtain from the bank? O A $362,587 OB. $347605 O C. $309.367 OD $501,720 16 nent Time Remaining: 01 3445 Next

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