please answer fully w neat handwriting, thanks!

2.a) You just got your first job and you want to buy a home. Your dad told you that your monthly house and property tax payment should not exceed 35% of your disposable monthly income. You found you can obtain a 30-year home loan for 5.95% annual interest per year, compounded monthly. Your monthly property tax payment will be approximately $200. What is the maximum amount you can pay for a house if your disposable monthly income is $2400 (and you plan to follow your dad's advice)? b.). You need to take out a loan to buy a 10 MW centrifugal compressor and install in your gas plant in Houston, TX, but because of constraints on your budget you can only afford to pay $300K per month. You find a loan that gives you a 6% annual interest rate, compounded monthly. If the term of the loan is 3 years, will you be able to afford this project? If not, to how many years would you need to extend the term of the loan so that you could afford it