Question: This wu The bank has determined that, based on a TDS ratio of 40 percent and other factors, the maximum monthly mortgage payment that lanna

This wu The bank has determined that, based on a TDS

ratio of 40 percent and other factors, the maximum monthly mortgage payment

This wu The bank has determined that, based on a TDS ratio of 40 percent and other factors, the maximum monthly mortgage payment that lanna qualifies to make is $2273. The five-year fixed rate of interest is 4 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? OA. 384,498 OB. $432.113 OC. $399,513 OD. $457.716 The Taylors agreed to make monthly payments on a mortgage of $129,000 amortized over 15 years. Interest for the first 3 years was 7.5 percent compounded semi-annually. Determine the mortgage balance at the end of the 3-year term. O A. $131,039.26 OB. $131,905.28 O C. $113,588.28 OD. $113,195.05

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