a. You want to buy a new house, but you are not sure what you can afford. What is the monthly payment for a 30 year loan with a 6% APR if the loan is for $175,000?
b. What is the monthly payment for a 30 year loan with a 6% APR if the loan is for $200,000?
Walk me through this problem step by step or write the formula with the numbers filled in