You want to buy a house and can afford monthly mortgage payments of $850. You plan to take out a 20-year loan. The currently available rate is an APR of 3.72%. Your mortgage lender predicts that the rate could rise to 4.22% in the near future. If the APR rises from 3.72% to 4.22%, will the maximum loan amount that you can afford increase or decrease? By how many dollars?

correct answer is option b.

step-by-step explanation:

the true statement about geometric figure is option b that is one line can be drawn through all three points.

if three points are on the same plane, they can be connected by a line.

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368