The Potters want to buy a small cottage costing $118,000 with annual insurance and taxes of S730 and $1900, respectively. They have save from a bank. They are qualified for a home loan as long as the total monthly payment does not exceed $1000. Are they qualified? S for a down a m and hey can get a 6% 15 year age Click the icon to view the Real Estate Amortization Table. Real Estate Amortization Table Select the correct choice below and fill in the answer box to complete your choice. (Round to the nearest cent as needed.) o A. Yes, because the total monthly payment is S O B. No, because the total monthly payment is S Real Estate Amortization Table (Principal and Interest per Thousand Dollars Borrowed) Terms Terms in Years 4% 4% 5% 4% 6% eg% 7% 71% 8% inYears 10 10.12 10.36 10.61 0.85 I1.10 1135 11.62 11.88 12.14 10 15 7.40 7.65 8.178.44 8.7 8.99 9.28 9.56 15 20 6.06 6.33 6.60 6.88 7.16 7.46 7.76 8.06 8.37 20 25 5.85 6 4.77 5.07 5.37 5.68 6.00 6.32 6.65 7.00 7.34 30 Print Done