QUESTION 24 Use the following information to answer questions 24 and 25. Suppose the Smith family had a gross yearly income of $80,000 with long-term (more than 10 months) payments totaling $425 on various purchases, Use conditions given in our text to determine the estimated maximum monthly payment the bank believed the Smiths could afford. $1,747.67 O $1,889.07 $1,190.00 none of these QUESTION 25 Monthly insurance and taxes total $500. Under these conditions, could the Smiths qualify for a $200,000 20-year loan at 7% annual rate? (consider principal, interest, insurance, and taxes) O yes no QUESTION 24 Use the following information to answer questions 24 and 25. Suppose the Smith family had a gross yearly income of $80,000 with long-term (more than 10 months) payments totaling $425 on various purchases, Use conditions given in our text to determine the estimated maximum monthly payment the bank believed the Smiths could afford. $1,747.67 O $1,889.07 $1,190.00 none of these QUESTION 25 Monthly insurance and taxes total $500. Under these conditions, could the Smiths qualify for a $200,000 20-year loan at 7% annual rate? (consider principal, interest, insurance, and taxes) O yes no