8:07 PM Wed Nov 1 < Pages KEKEX MAT-143 Mortgage Lab-updated-1.pdf EN-US Quick start MAT 143: Mortgage Project Name: **All dollar amounts should be rounded to the nearest cent... two decimal places** **Show all your work and submit to Moodle. 1. Suppose you are a manager at a local store where your yearly salary is $68711. Determine your monthly salary. 68711/12 36% $5,725.92 2. You are ready to purchase your first home. You find a house for sale for $165,000 in a nice neighborhood. If you invested $1,500 twelve years ago at 6.5% interest compounded monthly, how much money do you have available to help with the down payment? 1212 1500(1+0.065) 0.065) 12x $3.265.33 3. If you pay the full asking price for the house you found above and make a 5% down payment: a.How much is the down payment? b. How much will you be financing