You can afford to make monthly loan payments of $1,500/month on a house loan. The loan is for 20 years at 4% APR. What is the maximum loan that you can afford to borrow? Assume END of period payments. O A. $244,600 OB. $247,500 OC. $37,500 OD. $360,000 You want to invest $2,000/year into an account that earns 8% compounded annually. How much will you have in your account in 20 years? (Beginning of Period) O A. $21,207 B. $360,000 C. $91,524 OD. $98,846 Rasheed can afford a monthly car payment of $500 for 6 years at an annual interest rate of 5 percent. Which of the following is closest to the amount he will be able to borrow for a new car? Remember, loans are END of period. A. $36,000 B. $31,046 O c. $41,882 OD. $31,176