iam now examing

Q4) You want to borrow $7,000 from your local bank to buy a car. You can afford to make monthly payments of $450, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 48-month APR loan? Q5) You want to borrow from your local bank to buy a new house. You can afford to make monthly payments of $1,450 for the 10 years, but no more. Assuming monthly compounding, if the appropriate discount rate is 5.7%, what value of the house you can afford