Given the following information on a fixed-rate fully amortizing loan, determine the maximum amount that the lender will
Posted: Sat Nov 27, 2021 5:27 pm
Given the following information on a fixed-rate fully amortizing
loan, determine the maximum amount that the lender will be willing
to provide to the borrower: loan term: 30 years; monthly payment:
$2,000; interest rate: 4%.
loan, determine the maximum amount that the lender will be willing
to provide to the borrower: loan term: 30 years; monthly payment:
$2,000; interest rate: 4%.