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(use MAPLE to solve this question, plz!!!!!!!!!!!!)Your parents are considering a 30 year mortgage that charges...

(use MAPLE to solve this question, plz!!!!!!!!!!!!)Your parents are considering a 30 year mortgage that charges 0.25% interest each month. Formulate a model in terms of a monthly payment p that allows the mortgage to be paid off after 360 payments. Your parents can afford a monthly payment of $2,000. Determine the maximum amount of money they can borrow.

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I Page 1 Chana! I Page I] Quehan. the equahon of halue tr loan amcunt pohere babayment trequancy (Nonthly) Monthly bayment- n[Dage eI Cheq Quechon $ 2000 0:25% , Cltb), レの can be exprsed aL follo.Clechon cand +uls •qu- a agot 12X30 12 (12)I Page 4I Cheaa I I Pege 4 Ouekon 360 C12) agot 360 1+ 2.5Xto-s 12 2.5x10-3 0. 072249268 (12) s 28.8 9970666 12)(2000)(28B997E Page 5 Cheaa I epuedon The maxiMUM amaunt be con bomo $ 693592.96

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