You'd like to know how much you can borrow from the bank using a $30$ year principal and

interest $($P&I$)$ home loan.

You can afford monthly payments of $$2,400.$

The interest rate is $3\mathrm{.}24\%$ pa compounding monthly which is not expected to change.

How much can you borrow now?

Select one:

a$.$ $$888,888\mathrm{.}89x$

b$.$ $$553,969\mathrm{.}67$

c$.$ $$552,158\mathrm{.}67$

d$.$ $$550,337\mathrm{.}87$

e$.$ $$536,698\mathrm{.}22$