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You can afford a $1100 per monthly mortgage payment. You've found a 30-year loan at 7% interest. Use the TVM Solver on the TI

 

You can afford a $1100 per monthly mortgage payment. You've found a 30-year loan at 7% interest. Use the TVM Solver on the TI calculator. Round to the nearest cent (two decimal places). (a) How large of a loan can you afford? $ (b) How much money in all will you pay the loan company over the 30 years?? (c) How much of the money you paid the loan company in part (b) is interest? Question Help: Video Submit Question

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