Your best friend's parents want to buy a home in the worcester county, but they don’t know the exact amount of money that they can afford to borrow. they can afford monthly payments of $ 1,800. a friendly bank in worcester has indicated that they can borrow money at 6% fixed rate for 30 years with monthly payments. they can afford to borrow:

They can afford to borrow: $300225.

Explanation: We must use the annuity formula in which the monthly interest rate is 0.06 / 12 = 0.005, the payment is 1800, and the n is equal to (12x30 = 360) which are the number of months in 30 years.

1800 × = $300225.

the assumption the narrator makes in this excerpt is that the messages he heards were going to hurt the narrator's mom; the narrator just springs in to action. the narrator doesn't specify in this excerpt why he believes that the messages present a problem that requires protection.

answer; is usually (less than) the socially optimal level of consumption;