A couple want to find out how much the loan would be if they have a monthly payment of $1,900.00. If they have a $18,000.00 available for a down payment on a house and they are going for a 25 year loan, How much would the loan amount be with an interest rate of:
53% compounded monthly? The maximum value of the house would be $
6% compounded monthly? The maximum value of the house would be $