1. You are eligible for a 30-year fixed-rate home mortgage with an interest rate of 3.6% per...
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Question:
1.
You are eligible for a 30-year fixed-rate home mortgage with an interest rate of 3.6% per year. If you can afford a monthly payment of $4,926, what is the maximum mortgage loan you can get? (Round to the nearest dollar.)
2.
You bought a Tesla Model Y for $64,476 and the auto loan is 60-month fixed rate loan with interest rate of 6% per year. What is your monthly payment? (Round to the nearest dollar.)
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