You need to borrow by taking a 12-year loan. Your budget allows us to pay $890 at the end of each year for the length of the loan's term as the loan payment. Annual rate is 6%. How much can you borrow today? Below $7,000 Between $7,000 and $7,500 Between $7,500 and $8,000 Between $8,000 and $8,500 Between $8,500 and $9,000 Above $9,000