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please help over due It is now nearly eight years since you have graduated and you have begun house hunting. You have found four different

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It is now nearly eight years since you have graduated and you have begun house hunting. You have found four different houses that look promising. All four houses are in high demand and you will have to offer full asking price. Option 1: 1,100 sq. ft., 2-bedroom/1-bathroom ranch on 0.15 acres of land. It is priced at $65,000 and has yearly taxes of $2,700. Option 2: 3-bedroom/1.5-bathroom, 1,200 sq. ft. bungalow on 0.4 acres of land. It is priced at $85,000 and has yearly taxes of $3,300. Option 3: 3-bedroom/2-bathroom, 1,400 sq. ft. Cape Cod on 0.6 acres of land. It has yearly taxes of $4,200 and a list price of $120,000. Option 4: 2000 sq. ft. Victorian on 0.1 acres of land. It has 4 bedrooms and 2.5 bathrooms. Taxes are $4,800 per year and the asking price is $150,000. . . a) You have also been talking to a bank and have found that you will need a down payment of at least 18% on any house you choose. Using your investment that is now worth $24,000, for which houses can you cover the down payment? b) From the housing options you still have available, choose two of the houses you still want to consider purchasing. Explain why you chose those houses you did and why you did not choose the other houses. When it comes to the mortgage, you have two options: you can choose a 15-year mortgage, which has an APR of 4.0%, or a 30-year mortgage, which has an APR of 5.0%. c) For each house you chose in part (b), calculate what the monthly payments would be with both the 15 year and the 30-year mortgages. Recall that your down payment was 18% of the value of the home

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