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?
A.
($1310)(1-0.007)300 - 1)
(0.007)(1+0.007)
300
B.
($1310)((1 -0.084)
300
-1)
300
(0.084)(1 +0.084)
- 1)
C.
($1310/((1+0.084)300
(0.084)(1 +0.084)
300
1)
D.
($1310/((1+0.007)300
(0.007) (1 +0.007)
300