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Susan and David are able to afford monthly house paymenes of $$1000($excluding additional fees

such as propenty tax and escrow fees$).$ What is the value of the house that they can afford if they

can secupe a $30$ year $4\mathrm{.}8\%$ onnual interest rate morigage? What would be the unpald loan

balance after $10$ years?

Jeff wighes to buy a $$30,000$ sports car. If the loan company offers a $6\%$ annual interest rate for $7$

years, what would be his monthly payments? Assuming he made regular payments, how much

interest would he have paid after? years?

A car dealership offers a speclal $$500$ off a $$20,000$ ear if you make paymente at the beginning of

the month instead of the end of the month payments. If you can secura a $5-$year $6\%$ annual

interest car loan, find out if it is worth it by comparing their manthly payments $($assuming that

you can afford either payment plan$).$