How much would the loan amount be with an interest rate, Finance Basics

How much would the loan amount be with an interest rate

Problem: A couple want to find out how much the loan would be if they have a monthly payment of %1,000.00. If they have a 516,000.00 available for a down payment on a house and they are going for a 20 year loan, how much would the loan amount be with an interest rate of:

5.7% compounded monthly? The maximum value of the house would be
6.5% compounded monthly? The maximum value of the house would be

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Finance Basics: How much would the loan amount be with an interest rate

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Finance Basics: How much would the loan amount be with an interest rate

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