You are expected to buy your first house. Based on your credit history, the bank is willing to lend you money at 5 percent..... question 11

Question 10 (2 points) You expect to graduate with $27300 in student loans. The loan calls for fixed monthly payments. If you repay the loan in 29 years how much are you paying in total interest o the loan? (HINT: you need to calculate the monthly payment first). interest rate on your loan is 7.7 percent compounded monthly and the Your Answer: Answer Save Question 11 (1 point) You are excited to buy your first house. Based on your credit history, the bank is willing to lend you money at 5 percent interest compounded monthly. You can afford monthly payments of $1850. How much can you afford to borrow? Assume the mortgage is for 27 years. Your Answer: Answer Save Question 12 (1 point) the end year from now) every year for the next 10 years in the same account. How much are you going to have in that account at of 10 years