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A couple purchasing a home budget $1,800 per month for their loan payment. If they have...

A couple purchasing a home budget $1,800 per month for their loan payment. If they have $17,000 available for a down payment and are considering a 25-year loan, how much can they spend on the home at each of the following rates? (Round your answers to the nearest cent.)

(a)    5.7% compounded monthly

$_______________

(b) 7.8% compounded monthly
$______________

Please use proper formula otherwise the question will be wrong thank you! :)))

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