After you graduate and have been employed as an engineer for 2 years you decide to purchase a home. At that point you have saved $15,000 that you will use as a down payment. Complete an audit of your finances and identify the following: a. Your annual income before taxes _____ b. The amount of income taxes you will pay _____ c. Annual cost for food and beverages _____ d. Automobile payment and transportation expenses _____ e. Annual amount you pay on student loan _____ f. Miscellaneous _____ Subtract b, c, d, e, and f from "a" above to determine the amount you have in discretionary funds = _____ How much are you willing to pay annually for a mortgage. Assume you will pay $2000 annually for home owners insurance and property taxes. Assume you obtain a 30 year mortgage at 4.25%. What will be your annual payment? Assume you obtain a 15 year mortgage at 3.5%. What will be your annual payment? After you graduate and have been employed as an engineer for 2 years you decide to purchase a home. At that point you have saved $15,000 that you will use as a down payment. Complete an audit of your finances and identify the following: a. Your annual income before taxes _____ b. The amount of income taxes you will pay _____ c. Annual cost for food and beverages _____ d. Automobile payment and transportation expenses _____ e. Annual amount you pay on student loan _____ f. Miscellaneous _____ Subtract b, c, d, e, and f from "a" above to determine the amount you have in discretionary funds = _____ How much are you willing to pay annually for a mortgage. Assume you will pay $2000 annually for home owners insurance and property taxes. Assume you obtain a 30 year mortgage at 4.25%. What will be your annual payment? Assume you obtain a 15 year mortgage at 3.5%. What will be your annual payment