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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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