Homework: Chapter 16 Section 5 Save Score: 0.5 of 1 pt 1 of 2 (1 complete) HW Score: 25%, 0.5 of 2 pts 16.5.15 Question Help The Potters want to buy a home costing $120,000 with annual insurance and taxes of $790 and $2800 respectively. They have saved $11,000 for a down payment and they can get a 9%, 30-year mortgage. They are qualified for a home loan as long as the total monthly payment does not exceed $1100. Determine whether they are qualified. 3 Click the icon to view the Real Estate Amortization Table. Their monthly payment would be $ (Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. 1 panta Clear All Check Answer remaining - X Real Estate Amortization Table Amortization (Principal and Interest Per Thousand Dollars) Term in Years 10 15 20 25 30 4.00% $10.12 $7.40 $6.06 $5.28 $4.77 5.00% $10.61 $7.91 $6.60 $5.85 $5.37 6.00% $11.10 $8.44 $7.16 $6.44 $6.00 7.00% $11.61 $8.99 $7.75 $7.07 $6.65 8.00% $12.13 $9.56 $8.36 $7.72 $7.34 9.00% $12.67 $10.14 $9.00 $8.39 $8.05 10.00% $13.22 $10.75 $9.65 $9.06 $8.78 Print Done