"You want to take out a mortgage on the house you own. The bank will charge you a 0.5% monthly rate on a 30-year mortgage. You will have to make 360 equal monthly payments and the remaining balance after the last payment will be 0. How much can you borrow if you can afford a monthly payment of $1,000? The first payment is due today."

	A	"90,524"
	B	"166,792"
	C	"167,626"
	D	"140,279"
	E	"119,096"