An engineering graduate plans to buy a home. He has been advised that his monthly house and property tax payment should not exceed 35% of his disposable monthly income. After researching the market, he determines he can obtain a 15 year home loan for 3.5% annual interest per year, compounded monthly. His monthly property tax payment will be approximately $240. What ?s the maximum amount he can pay for a house If his disposable monthly e is $3,500? What Is the total amount of interest that will be paid on the ?s held for the 15 year period? Show all work. (10 Points) An engineering graduate plans to buy a home. He has been advised that his monthly house and property tax payment should not exceed 35% of his disposable monthly income. After researching the market, he determines he can obtain a 15 year home loan for 3.5% annual interest per year, compounded monthly. His monthly property tax payment will be approximately $240. What ?s the maximum amount he can pay for a house If his disposable monthly e is $3,500? What Is the total amount of interest that will be paid on the ?s held for the 15 year period? Show all work. (10 Points)