A couple purchasing a home budget $1700 per month for their loan payment. If they have $26,000 available for a down payment and are considering a 25-year loan, how much can they spend on the home at each of the following rates? (Round your answers to the nearest cent.) (a) 6.7% compounded monthly $ 7.1% compounded monthly (b) $ My Notes Ask Your Teacher -1 points HarMathAp12 6.5.007. A homeowner planning a kitchen remodeling can afford a $100 monthly payment. How much can the homeowner borrow for 4 years at 3%, compounded monthly, and still stay within the budget? (Round your answer to the nearest cent.)