oil payments from their cash flow of $1400 (so monthlies can never be more than this amount). 0 Any excess cash (from the $1400) will go into a long term savings plan for 5 years that pays an APR of 6% compounded monthly. 0 At the end of the five years, they will sell the car and cash out the long term savings plan, put the amount of their original car down payment back in checking so they can shop for a new car. 0 The remaining long term savings plan balance they will use as a down payment on a new house, which they expect to be 15% of the house's price. Calculate: 1. Total funds in the long term savings plan after 5 years, 2. Funds available for a down payment on a house. 3. Highest house price they can afford. and 4. Monthly payment for a 30year mortgage at 4.5% APR