QUESTION 29 You can afford car payments of $200 a month for 48 months. The bank will lend you this money at 12% interest. How much can you borrow? a $6,777.78 b. $7,594.79 c. $7,466.12 d. $6,928.89 e. $7,238.65 QUESTION 30 The house you want to buy costs $167.800. You plan to make a cash down payment of 20% and finance the balance over 15 years at 6%. What will be the amount of your monthly mortgage payment? a $1,132.79 b. $1,193.63 c. $1,257.73 d. $1,364.84 ce. $1,040.75 QUESTION 31 The Rip Off Insurance Company will pay you $1,500 a year for twenty years in exchange for $21,000 today. What interest rate are they paying on this annuity? Ca 3.67 percent b.2.99 percent 0.422 percent d.4.81 percent 3.30 percent