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You can afford a $850 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can
You can afford a $850 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest? N 1 You want to buy a new car. You can afford payments of $450 per month and can borrow the money at an interest rate of 5.1% compounded monthly for 5 years. How much are you able to borrow? How much interest do you pay
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