You can afford a $1200 per month mortgage payment. You've found a 30 year loan at 6.9% interest.

a) How big of a loan can you afford? (Round to the nearest cent, as needed.)

$

b) How much total money will you pay the loan company? (Round to the nearest cent, as needed.)

$

c) How much of that money is interest? (Round to the nearest cent, as needed.)

$