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Your best friend's parents want to buy a home in the Worcester County, but they dont know the exact amount of money that they can

Your best friend's parents want to buy a home in the Worcester County, but they dont know the exact amount of money that they can afford to borrow. They can afford monthly payments of $ 1,800. A friendly bank in Worcester has indicated that they can borrow money at 6% fixed rate for 30 years with monthly payments. They can afford to borrow:

a.

$142,305

b.

$ 648,000

c.

$ 50,029

d.

$ 24,777

e.

$300,225

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