You can afford a $$850$ per month mortgage payment. You've found a $30$ year loan at $8\%$ interest.

a$)$ How big of a loan can you afford?

b$)$ How much total money will you pay the loan company?

c$)$ How much of that money is interest?

Question $9$

$1$ pt $1$

Details

You want to buy a $$26,000$ car. The company is offering a $5\%$ interest rate for $60$ months $(5$ years$).$ What will your monthly payments be$?$

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