Mapes MY NOTES ASK YOUR TEACHER Over the past year, interest rates have varied widely. The rate for a 30-year mortgage reached a high of 11.75July 1994, and treached 3.15 in November 2017. A significant impact of lower interest rates on souty is that they enable more people to afford the purchase of a home in the following are, we consider the purchase of home that sells for $125,000. Assume that we can make a down payment of $25,000, so we need to borrow $100,000. We assume that our annual income is 543,000 and that we have no other debit If we can afford to pay a monthly amount of $753.33, determine how much we can borrow of the term is 30 years and the interest rate is 3.31% Round your awer to the more dolor $ Can we afford the home now? Yes NO nok