Habitat for Humanity helps low-income families build affordable homes. In one southwest area, they can build a house for 32$ ,000. The family makes monthly payments of 130$ , with no interest, until the loan is paid.
a. How long will it take a family to pay off the loan?
b. What montly payments would it take to pay off the loan if they charged 6% interest and the length of the loan was the same as part a?
That is $ 32,000 sorry for my speed spelling.
It would be good If you show your work.