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A landlord needs to update a rental house due to it's age, so it can...

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Accounting

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A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has that ability to cover a $2,400.00 payment monthly for 2 years at 5% compounded monthly, how much can he borrow and still be able to afford the payment? He can borrow $ 105.3 *. (Round to 2 decimal places.)

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