You've decided to buy a new house for $650,000. You will put a downpayment of 20% of the purchase price of the house. The bank will loan you the rest at an interest rate of 3.75% [APR] for a 15-year loan. How much will be your monthly payment? Select one: a. $4,500 to $5,000 b. $2,000 to $2,500 c. $2,500 to $3,000 d. More than $5,500 e. $4,000 to $4,500 f. $5,000 to $5,500 g. $1,500 to $2,000 h. Less than $1,500 per month i. $3,500 to $4,000 j. $3,000 to $3,500 Q13: After one year, how much have you paid in interest? Select one: a. $40,000 to $50,000 b. $5,000 to $10,000 c. $20,000 to $25,000 d. $25,000 to $30,000 e. $35,000 to $40,000 f. More than $50,000 g. 0 to $5,000 h. $30,000 to $35,000 i. $10,000 to $15,000 j. $15,000 to $20,000 Q14: After one year, how much have you paid in principal? Select one: a. $5,000 to $10,000 b. $30,000 to $35,000 c. $35,000 to $40,000 d. More than $50,000 e. $10,000 to $15,000 f. $40,000 to $50,000 g. 0 to $5,000 h. $20,000 to $25,000 i. $25,000 to $30,000 j. $15,000 to $20,000