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Problem 4 . You have finally saved up 5 % necessary to purchase a house. And because you are a good worker, you were able

Problem 4.
You have finally saved up 5% necessary to purchase a house. And because you are a good worker, you were able to get a raise and your new take home pay is $5568.00 a month. Assuming an interest rate of 5.75%(rates went down while you were saving) and a 30 year loan, with continuous compounding interest, how much house could you afford (don't forget to account for the 5% you put down).
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