How much would the loan amount be with an interest rate

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A couple want to find out how much the loan would be if they have a monthly payment of $1,900.00. If they have a $18,000.00 available for a down payment on a house and they are going for a 25 year loan, How much would the loan amount be with an interest rate of:

53% compounded monthly? The maximum value of the house would be $

6% compounded monthly? The maximum value of the house would be $

Reference no: EM131619136

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