The Johnsons have accumulated a nest egg of $40,000 that they intend to use as a down payment toward the purchase of a new house. Because their present gross income has placed them in a relatively high tax bracket, they have decided to invest a minimum of $2300/month in monthly payments (to take advantage of the tax deduction) toward the purchase of their house. However, because of other financial obligations, their monthly payments should not exceed $2900. If local mortgage rates are 2.5%/year compounded monthly for a conventional 30-year mortgage, what is the price range of houses that they should consider? (Round your answers to the nearest cent.) least expensive $ 367080.3 x most expensive $ 448850.4 x Need Help? Read It Watch It [0/1 Points] DETAILS PREVIOUS ANSWERS TANAPMATH7 4.2.030. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Lauren plans to deposit $6000 into a bank account at the beginning of next month and $175/month into the same account at the end of that month and at the end of each subsequent month for the next 3 years. If her bank pays interest at a rate of 4%/year compounded monthly, how much will Lauren have in her account at the end of 3 years? (Assume she makes no withdrawals during the 3-year period. Round your answer to the nearest cent.) $ $235771.14 Need Help? Read It Watch It