1.) You want to buy a $192,000 home. You plan to pay 15% as a down payment and take out a 30-year loan for the rest. (a) How much is the loan amount going to be? b) What will your monthly payment be if the interest rate is 5%? c) What will your monthly payment be if the interest rate is 6%?

2.) You can afford a $1000 per monthly mortgage payment. You've found a 30-year loan at 8% interest.

(a) How large of a loan can you afford? (b) How much money in all will you pay the loan company over the 30 years?? (c) How much of the money you paid the loan company in part (b) is interest?

You want to buy a $192,000 home. You plan to pay 15% as a down payment and take out a 30 -year loan for the rest. (a) How much is the loan amount going to be? Use the TVM Solver on the TI calculator. Round to the nearest cent (two decimal places). b) What will your monthly payment be if the interest rate is 5% ? c) What will your monthly payment be if the interest rate is 6% ? You can afford a $1000 per monthly mortgage payment. You've found a 30 -year loan at 8% interest. Use the TVM Solver on the TI calculator. Round to the nearest cent (two decimal places). (a) How large of a loan can you afford? (b) How much money in all will you pay the loan company over the 30 years?? (c) How much of the money you paid the loan company in part (b) is interest