Total Lun 1 El year -52wal Best option is set sell to the broker became the house is $360,916 - Broker offered $400,000 6. 29 total points. You have decided that you will start a savings plan. You will deposit $20 per week into n. You will deposit $20 per week into an account that you think will pay 8% per year. A 10 points. How much will you have in 15 years? 15 years = 15 X 4 FV = 2001 +0.08) 780 = 15,600 $14,444.44 B. 12 points. Suppose that, with your savings, you will buy a house after 15 years. In addition to your down payment, you will borrow $400,000. If the interest rate is 3.6% on your 30-year mortgage. What will be your monthly payment? 30 year = 360morths. 7 14,4194 T (1 + 0.36) 300 - AFV = 400000 1 O 0.936 C. 2 points. Suppose that the down payment is equal to what you will have in your saving account. How much does your home cost? D. 5 points. How much total interest will you have paid once your mortgage is paid off