A landlord needs to update a rental house due to it's age, so it can be habitable again. If he has that ability to cover a $$2,300\mathrm{.}00$ payment monthly for $3$ years at $5\%$ compounded monthly, how much can he borrow and still be able to afford the payment?

He can borrow $($Round to $2$ decimal places.$)$

The total interest paid back is $

Add Work