Question: You'd like to know how much you can borrow from the bank using a 30 year principal and interest (P&I) home loan. You can afford

You'd like to know how much you can borrow from the

You'd like to know how much you can borrow from the bank using a 30 year principal and interest (P\&I) home loan. You can afford monthly payments of $9,600. The interest rate is 8.28% pa compounding monthly which is not expected to change. How much can you borrow now? Select one: a. $3,165,269.21 b. $1,391,304.35 c. $1,274,262.97 d. $1,272,642.22 e. $1,215,189.87

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