math

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

1. 👍 0
2. 👎 0
3. 👁 273
1. A: 205,379.74
B: 94,262.53

1. 👍 0
2. 👎 0

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