In Chapter 5 we studied "Amortized Loans" which are typically used for mortgages for home loans. Pick any city in the world and look up online what a typical home might cost. Use the amortized loan formula* with time of 30 years to come up with the monthly mortgage payment. Make sure to state what you assumed the interest rate and down payment were and why. Do you think the mortgage payment is reasonable? Is there another housing option that you think is better? Make sure to state the financial reasons and non-financial reasons for your choice. *Note that the amortized loan formula calculates principal and interest and does not include property taxes or home insurance, which could be another few hundred dollars a month