Instructions Read the following two-part scenario and answer the questions provided. In each of your responses, please include: .A clear answer that shows your understanding of the course material . All of the relevant acts that relate to each answer Scenario Part 1 Irene is a licensed mortgage loan originator. One day, she is contacted by a man named Chris who is looking to buy a large building to house his business. He is already in contact with the current owner of the building. He has managed to negotiate the sale price down to $545,000. When Irene contacts the lender who she works for, she is told that they will offer Chris a 4.35% annual interest rate if he can provide a down payment that covers at least 30% of the sale price. However, if he can only manage a down payment that covers between 20% and 29% of the price, the interest rate offered to him will be 6.21%. Money will still be loaned to Chris if the down payment covers between 15% and 19% of the sale price, but the annual interest rate will be raised to 7.77% and he will be required to acquire mortgage insurance. Chris can draw on the following resources: $74,420 stored in a checking account $40,000 that can be gained from cashing two bearer bonds " $14,630 that can be gained from the sale of a car . $18,710 that can be withdrawn from an IRA " $10,000 in gifted funds from a close friend $6,000 in cash