How much can he borrow and still be able to afford payment

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Reference no: EM131619303

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 $2.300.00 payment monthly for 3 years at 4% compounded monthly, how much can he borrow and still be able to afford the payment? He can borrow $ (Round to 2 decimal places.)

Reference no: EM131619303

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