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5. [0/1.42 Points] DETAILS PREVIOUS ANSWERS HARMATHAP11 6.5.023. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER...

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5. [0/1.42 Points] DETAILS PREVIOUS ANSWERS HARMATHAP11 6.5.023. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A couple purchasing a home budget $1700 per month for their loan payment. If they have $25,000 available for a down payment and are considering a 25-year loan, how much can they spend on the home at each of the following rates? (Round your answers to the nearest cent.) (a) 6.4% compounded monthly $ 512500 x (b) 7.1% compounded monthly $ 535000 X Submit

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