uantitative Reasoning Name: Grade: Mortgages and Car Loans Directions: Round all the final dollar amounts to the nearest penny. If you use a Tt, you should set the number of decimal places to 2. You do this by going to MODE. In the second line, highlight the 2. However, when you are done with this packet, remember to go back into MODE and change the decimal places back to FLOAT. All parts are worth 2 points unless otherwise indicated. You must show all of your work or you will receive NO CREDIT, This means writing down any make or listing all the values that you put into the TVM Solver. Put answers on calculations you any lines provided. down payment, 1. Mortgage: You have decided to purchase a house. You have enough money to make a decent but you will still need a mortgage in the amount of 190,000 (this is the principal) to purchase the house you have had your eye on. You will be comparing several mortgage options. You will be comparing both fixed-rate mortgages, where you lock in a fixed percentage for the