If you can afford a $400 per month loan payment, what is the largest size loan you can take if the 11- year loan will earn 4% interest compounded monthly? Identify your variables: PMT = 400 T= 0.04 12 t = 11 72 Which is a correct formula for solving this problem? O A = P(1+)" * ( ) O PMT = A (1 + 3)" - 1 1- (1 + ) . PMT -nt O PMT = P. 1- (1+) O A = Pent (1 + 5) OA - PMT (4-642) OI = Prt -btvo hac 2a 3 = Solve for the size of the loan