5) (6 pts) You zoy todeu want to buy a house for $160,00. Jyou are required to make a down payment of buy today and you will borrow th compounded monthly) for a 30 year fixed rate loan. The loan will be fully amortized over e remaining amount. The bank is charging yo,35% per year 30 years. What is your down payment today and what is your monthly mortgage payment? Down Payment Today Monthly Mortgage Payment (4 pts) You want to buy a used car. You have $2,500 to use as a down payment. You can afford 6) to pay $300 per month, but no more. If the bank is charging you 4.2% per year APR (compounded monthly) for a 5-year loan, what is the highest price car you can afford if you want to pay off the loan in 5 years? a)