Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Use Exhibit 7-6, Exhibit 7-7. (Round your intermediate and final answers to the nearest whole dollar) Monthly income other debt. (monthly payment) 20-year loan at Down payment to be made (percent of purchase price) Monthly estimate for property taxes and insurance $3,250 S 190 6 percent 15 percent $ 240 Affordable monthly mortgage payment Affordable mortgage amount Affordable home purchase Assume a person saves $62 a month by using coupons and doing comparison shopping, a. What is the amount of annual savings? Annual savings amount $ 744 b. What would be the future value of this annual amount over 9 years, assuming an interest rate of 4 percent? Use Exhibit 1-3. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Use Exhibit 7-6, Exhibit 7-7. (Round your intermediate and final answers to the nearest whole dollar) Monthly income other debt. (monthly payment) 20-year loan at Down payment to be made (percent of purchase price) Monthly estimate for property taxes and insurance $3,250 S 190 6 percent 15 percent $ 240 Affordable monthly mortgage payment Affordable mortgage amount Affordable home purchase Assume a person saves $62 a month by using coupons and doing comparison shopping, a. What is the amount of annual savings? Annual savings amount $ 744 b. What would be the future value of this annual amount over 9 years, assuming an interest rate of 4 percent? Use Exhibit 1-3. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value