Posted by **ryan** on Sunday, May 1, 2011 at 6:35pm.

A couple purchasing a home budget $1700 per month for their loan payment. If they have $15,000 available for a down payment and are considering a 25-year loan, how much can they spend on the home at each of the following rates? (Round your answers to the nearest cent.)

(a) 6.9% compounded monthly

$ 1

(b) 7.1% compounded monthly

## Answer This Question

## Related Questions

- math plz help me - A couple purchasing a home budget $1700 per month for their ...
- algebra - How would you solve this math equation? this is really confusing to me...
- MATH - In order to make some home improvements, a home owner spent $24,000. He ...
- Math - 4. Vanna has just financed the purchase of a home for $200 000. She ...
- Finance - subject is purchasing a home for $45,00.00 with $5,000.00 down payment...
- Math - 4. Find the monthly payment for the loan. (Round your answer to the ...
- Finance - You are considering borrowing $150,000 to purchase a new home. a. ...
- FINANCE - CORRECTION TO AMOUNT WITH PRIOR QUESTION:subject is purchasing a home ...
- Math - Shantle and Kwamie are planning to buy their first home. Although they ...
- math - Wallace and Sarah purchased furniture for their new home. They had two ...

More Related Questions