You want to buy your dream home, again. Your annual salary is $86, 400. The bank has approved you for a thirty-year (30) mortgage at a rate of 4.50 percent per year. In order to be approved for the above loan, your mortgage payments will have to equal 32% of your gross monthly income. You need to have a 20% down-payment towards the purchase price of the home, and have 4% of the price of the home for closing costs. So, two (2) years ago, you started saving for this very purpose. You make monthly deposits in your money market account that earns 12.0% a year, compounded monthly. What is the amount of the monthly mortgage payments? _____ How much of a mortgage loan will the bank lend you? ______ What is the full price of the home? _____ How much is the down payment? _____ How much are closing costs? _____ How much are you saving each month if you want to have all of the down payment and closing costs in 2-1/2 years?_____ What is the total amount of interest that will be paid if the loan goes the entire thirty years ______