Question: 8 3 0 . 8 6 Question 3 1 pts You want to purchase a house and have determined that you can afford a

830.86 Question 31 pts You want to purchase a house and have determined that you can afford a \(\$ 1,400\) monthly mortgage payment. You plan on a 30-year fixed-rate mortgage, and the current annual interest rates are hovering at 4.2\%. How big of a loan can you afford? Round to the nearest dollar. \(\square \)1 I Question 41 pts You need to buy car. You have found a used car you like for \(\$ 8,000\), but you will need to take out a loan to afford it. You have arranged an auto loan at your bank with an APR of \(6\%\) to be paid off in 5 years. What will your monthly navments he? Round to the nearest cent 6
8 3 0 . 8 6 Question 3 1 pts You want to purchase

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