#5 and #7 go together. no work needs to be shown

5. What is the maximum amount you can borrow if you can pay $400 monthly for a period of 30 years at a market rate of 6% APR? a. $66,716.65 b.$63, 786.65 C. $56,678.65 d. $78,567.65 7. How much do you pay in the interest in problem number 5, in the first twenty years while making regular monthly payment? a. $40,000.56 b. $34,000.67 C. $30,687.27 d. $45,600.56