Kylie can afford a $1310-per-month house loan payment. if she is being
offered a 25-year house loan with an apr of 8.4%, compounded monthly,
which of these expressions represents the most money she can borrow?

The amount which she borrow as house loan is $ 48514.56

Step-by-step explanation:

Given as :

The house loan per month afford by Kylie = $1310

The period of loan = 25 Years

The annual rate compounded monthly = 8.4%

Principal  = $ P

∵ The per month loan afford amount = $1310

So, The amount afford in 25 years = $1310 × 25 × 12

Or, The amount afford in 25 years = $393,000

Now, from compounded method :

Amount = Principal ×

Or, $393,000 = $ P ×

Or, $393,000 = $ P ×

Or, $393,000 = $ P ×

∴   P = $ 48514.56

Hence The amount which she borrow as house loan is $ 48514.56  Answer

7

step-by-step explanation:

29 is the correct answer

step-by-step explanation: