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You want to purchase a beach house for 12310130. Most of the cost will be paid for with a home loan. Banks are currently offering thirty year mortgages at 3% [monthly compounding}. Unfortunately, you can only afford paymenIS of $1,500 per month. How much of a loan can you afford? This will not be enough so, how much cash will you need for a down payment in order to buy the home}I [Downparyment is the difference between the loan and the cost ofthe house). Round your answer to the nearest dollar. Draw timeline and Show me your work STEP BY STEP. 0 $11,142 0 513,773 g $15,575 0 $17,451