You find that the going rate for a home mortgage with a term of 30...
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You find that the going rate for a home mortgage with a term of 30 years is 7% APR. The lending agency says that based on your income, your total monthly payment including taxes and insurance can be at most $1210. If taxes and insurance are $200 per month, what is the maximum amount you can borrow? (Round your answer to the nearest dollar.)
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