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Harriet Marcus is concerned about the financing of a home. She saw a small cottage that sells for $ 6 4 , 0 0 0

Harriet Marcus is concerned about the financing of a home. She saw a small cottage that sells for $64,000. Assuming thatshe puts 20% down, what will be her monthly payment and the total cost of interest over the cost of the loan for each assumption? (Use theTable 15.1)Note: Do not round intermediate calculations. Round your answers to the nearest cent.e. What is the savings in interest cost between 6.50% and 7.50%?Note: Round your answer to the nearest dollar amount.Interest Cost:f Harriet uses 30 years instead of 25 for both 6.50% and 7.50%, what is the difference in interest?Note: Use 360 days a year. Round your answer to the nearest dollar amount.Interest Difference:

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