2. (0/2 Points DETAILS PREVIOUS ANSWERS TANFIN12 5.2.027 MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The Johnsons have accumulated anesteg of $40,000 that the intend to use as a down payment toward the purchase of a new house. Because their present groue income as placed them relatively high tax brackert, they have decided to invest a minimum of 52500/month in monthly payments (to take advantage of the tax deduction toward the purchase of ter out. However because of other financial obligation, their monthly payments should not exceed 100. If local mortgage rates are 5.5W/year compounded monthly for a conventional 20 ur mortgage, what is price range of houses that they should consider? (Round your answers to the nearest) least expensive $ 2,070,51051 X most expensive $546001 Nood Help? 4. (0/1 Points DETAILS PREVIOUS ANSWERS TANFIN125.3.006. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the periodic payment required to more loan of Polars over years with rest charged at the rate of year com o terrest.) 50,000,- 2.5. 17, m-12 $1041861 x Need Help? Me 5. 10/1 Points! DETAILS PREVIOUS ANSWERS TANFIN 12 5.3.008 MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Pod the periode payment required to an of Poulers over years with interest charged at the rate of year compounded mesye and you the 130,000, 25, 18, 12 Need Help? 6. [-/1 Points) DETAILS TANFIN12 5.3.016. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Suppose payments were made at the end of each month into an ordinary annuity cerning test at the rate of 2.5/year compounded monthly, the value of the war 13 years $75.000, what was the size of each payment? (Round your answer to the nearest cent) $ Need Help