The following table shows annual rates for various types of loans in 2021. Assume monthly payments and compounding periods. HINT [See Examples 5 and 7.] Loan 30-Year Type Mortgage $ Rate 3.03% X 15-Year New Car Mortgage Loan 2.30% 9.20% Used Car Loan 9.45% Credit Cards You were considering buying a home with a 30-year mortgage in 2021 and could afford to make a down payment of $20,000 and up to $300 per month on mortgage payments. How much could you have afforded to pay for the home? (Round your answer to the nearest cent.) 13.99%

The following table shows annual rates for various types of loans in 2021. Assume monthly payments and compounding periods. HINT [See Examples 5 and 7.] You were considering buying a home with a 30 -year mortgage in 2021 and could afford to make a down payment of $20,000 and up to $300 per month on mortgage payments. How much could you have afforded to pay for the home? (Round your answer to the nearest cent.)