Multiple Choice
Odarta can afford to pay $12,000 at the end of each of the next 30 years to repay a home loan. If the interest rate is 5.50%, what is the most Odarta can borrow?
A) $174,404.94
B) $869,225.74
C) $218,181.82
D) $360,000.00
Correct Answer:
Verified
Correct Answer:
Verified
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