Question: 2 ) a . How much can you borrow today at 5 . 5 % interest rate if you can afford to repay $ 8

2)
a. How much can you borrow today at 5.5% interest rate if you can afford to repay $80,000 in 6 years?
b. How much can you borrow today at 5.5%, if interest is compounded monthly?
c. How much can you borrow today at 5.5%, if Interest is compounded continuously?

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