just question 2 please, I don't understand how to get the answer

sent Value Calculations Questions 1 to 4 are based on the following scenario and table: In the United States, the most common terms for a mortgage loan are 15 years or 30 years. In working with payments for these two terms at a selection of interest rates typical in the current market. He carries a small card with the table shown below in his briefcase: Years 7.0% 111.255958 Interest Rate 7.5% 8.0% 8.5% 9.0% 107.873427 104.640592 101.549693 98.5934088 150.307568 143.017627 136.283494 130.053643 124.281866 15 30 1. How much could someone afford to borrow on a 30-year loan with an 8.5% interest rate, assuming a $950 monthly payment? 2. client says that he can afford a monthly payment of $1,200. On the basis of his credit, Jeff thinks he would qualify for a 7.5% rate. How much could this client borrow with a 15-year loan? A 30-year loan? a Totool