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Suppose you are borrowing $64,000 at an interest rate of 1.4%. You will not make any payments for the first two years. Then. starting at the end of year 3, you will make 9 annual payments to repay the loan. How much will your annual payments be? Round to the nearest dollaf. Type your numeric answer and submit Unanswered a 3 attempts left Hover over this for Question 18 hint Question 19 Homework + Unanswered = Due Today, 1159PM In 2021, a standard 30-year fixed mortgage in the US could be had for somewhere around 3%. Following a series of interest rate increases by the Federal Reserve, that number is now closer to 796.5 Sppose in 2021 you were interested in buying a house worth $607,000 by taking out a 30 -year mortgage at 3% rate and 20% down payment. How much higher would your monthly mortgage payments be now for the same house at a 7% rate (same house price and percent down payment). Answer in whole dollars