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Question 9 (10 points) Saved After carefully going over your budget, you have determined...

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Question 9 (10 points) Saved After carefully going over your budget, you have determined you can afford to pay $1063.26 per month towards a new home. You call up your local bank and find out that the going rate is 0.5 percent per month for 15 years. How much can you borrow? 100729.89 AM Question 10 (10 points) Saved On September 1, 2018, you bought a used car for $37,000. You paid $2,000 down and financed the balance with a five-year loan at an annual percentage rate of 6.8 percent compounded monthly. You started the monthly payments exactly one month after the purchase the loan. If the bank charges you a 3 percent prepayment penalty based on the loan balance, how much must you pay the bank on November 1, 2020? 28696.83 A

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