Read each of the questions carefully. Show your work in the space provided. Round your answers to the hundredth place. Problem # 1 1. A couple buys a home for $234,400 with monthly mortgage payments of $1 304 per month. The property tax is 5% of the selling price of the home annually. The real estate agent who helped sell the home says that the couple should expect to spend 1% of the selling price of the home annually for home maintenance. Homeowner's insurance is $1,672 per year. The house is in a community which charges a $355 per month HOA fee. Answer the following questions rounding answers to the hundredth place. What is the annual mortgage payment amount? b. What is the annual amount of the property tax? C- What is the estimated amount for home maintenance per year? d. What is the yearly amount of HOA fees? e. What is the total annual homeownership cost? PROBLEM #2 2. A person buys a house with a mortgage amount of $258,300. The total annual homeownership cost is $22,980. The house is financed for 25 years. The house appreciates at 7.2% per year. a. What is the profit the owner can expect if the house is sold after 20 years? b. Suppose the same person decides to rent a similar house with a monthly rental amount of $1, 720. If they invested the amount that they would save by renting each year into an account that pays 3.1% fixed interest annually, how much would the future value be after 25 years? Note: Use the Future Value calculator linked on the task page to help answer the question. C. What is the difference between renting and buying and which would prove to be a better investment for the future