You are dreaming of buying a house in Hawaii. The house price in Hawaii is about $1.1M You have $30K in the bank and $100K Student loan that needs to be paid next year. Currently you are working in Amazon with a salary of $5K per month. Your monthly expense composed of Rent=$1.5K; Grocery $1K, related insurance=$800 and Miscellaneous=$800 How long can you buy the house if the banker is giving you APR of 108% compounded monthly for your saving account? (Roundup your answer in months)

a.

62

b.

64

c.

65

d.

61

e.

68

f.

69

g.

70

h.

63

i.

66

j.

67

k.

60

l.

70

m.

None of the above