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question 1, 2,3,4 togetherwill upvote thanks :) Suppose...

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Finance

question 1, 2,3,4 together
will upvote thanks :)
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Suppose you purchase a home for $350,000. After making a down payment of $50,000, you borrow the balance through a mortgage loan at 3.5 percent for 15 years. What is the MONTHLY payment required by the mortgage company? $25,740 O $1,704 $2,145 $20,470 D Question 2 3 pts Based on the information in the previous problem, what is the MONTHLY payment required if you decide to finance your home over 30 years and can get an interest rate of 4 percent? $1,123 O $875 $1,289 O $1.432 > Question 3 3 pts Given the financing option in Question 1, how much will you have paid over the life of the loan? $527,250 O $386,100 $472,250 $613,440 Question 4 3 pts Given the financing option in Question 2, how much will you have paid over the life of the loan? $468,200 $257,760 $515,520 $327,800

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