Why does a greater initial down payment end up saving the buyer money over the life of the mortgage? AJ Principal paid Balance $8,036.90 $291,962.99 Question 6 (1 point) Years Payments made Year 1 $17,389.73 Year 2 $17,389.73 Year 3 $17,389.73 Interest paid $9,352.83 $9,095.15 $8,829.20 $8,554.68 $8,294.58 $8,560,53 $283,668.30 $275,107.66 $8,835.05 $266,272.50 Year 4 $17,389.73 $15.593.26 $48,747.24 $1,796.47 517 389.73 Year 22 ma Tsomo: Attempt 1 Balance Question 6 (1 point) Years Payments made Year 1 $17,389.73 Year 2 $17,389.73 Year 3 $17,389.73 Interest paid $9,352.83 $9,095.15 Principal paid $8,036.90 $8,294.58 $291,962.99 $8,829.20 $8,560,53 $283,668.30 $275,107.66 $266,272.50 Year 4 $17,389.73 $8,554.68 $8,835.05 Year 22 $48,747.24 $17,389.73 $17,389.73 $1,796.47 $1,296,47 Year 23 $15,593.26 $16,093.26 $16,609.32 $32,653.87 Year 24 $17,389.73 $780.41 $16,044.44 Year 25 $248.38 $16,044 34 $16,292.72 $433,646.35 $0.00 $0.00 Totals $133,648.98 $300,000.00 Based on this amortization table, what percent of the money repaid was interest? Question 7 (2 points) What is the difference between fixed rate and variable rate interest for a mortgage? MacBook Air F 80 F3 DOD F4 F6