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3. A charity is building a home for a low-income family. The house will cost $85,000.00 to build. The family will make monthly payments
3. A charity is building a home for a low-income family. The house will cost $85,000.00 to build. The family will make monthly payments of $250.00 until the loan is paid. a. How long will it take for the family to pay off the loan?n? Paso b. What monthly payments would it take to pay off the loan if they were charged 6% interest and the length of the loan were the same as in part (a)?
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