16. [-/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.6.046. Find the amount of the down payment (rounded...

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16. [-/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.6.046. Find the amount of the down payment (rounded to the nearest hundred dollars) necessary for the buyer to afford the monthly payments for the described home. (Use this table to calculate your answer.) Monthly salary of $1,880, with monthly bills of $180; $89,000 home with a 30-year 9% loan Submit Answer Monthly Cost to Finance $1,000 Number of Years Financed Rate of 5 years 10 years 15 years 20 years Interest N = 60 N = 120 N = 180 N = 240 25 years N = 300 30 years N = 360 6.0% 19.33 11.10 8.44 7.16 6.44 6.00 6.5% 19.57 11.35 8.71 7.46 6.75 6.32 7.0% 19.80 11.61 8.99 7.75 7.07 6.65 7.5% 20.04 11.87 9.27 8.06 7.39 6.99 8.0% 20.28 12.13 9.56 8.36 7.72 7.34 8.5% 20.52 12.40 9.85 8.68 8.05 7.69 9.0% 20.76 12.67 10.14 9.00 8.39 8.05 9.5% 21.00 12.94 10.44 9.32 8.74 8.41 10.0% 21.25 13.22 10.75 9.65 9.09 8.78 10.5% 21.49 13.49 11.05 9.98 9.44 9.15 11.0% 21.74 13.77 11.37 10.32 9.08 9.52 11.5% 21.99 14.06 11.68 10.66 10.16 9.90 12.0% 22.24 14.35 12.00 11.01 10.53 10.29 16. [-/5.88 Points] DETAILS MY NOTES SMITHPOW10 7.6.046. Find the amount of the down payment (rounded to the nearest hundred dollars) necessary for the buyer to afford the monthly payments for the described home. (Use this table to calculate your answer.) Monthly salary of $1,880, with monthly bills of $180; $89,000 home with a 30-year 9% loan Submit Answer Monthly Cost to Finance $1,000 Number of Years Financed Rate of 5 years 10 years 15 years 20 years Interest N = 60 N = 120 N = 180 N = 240 25 years N = 300 30 years N = 360 6.0% 19.33 11.10 8.44 7.16 6.44 6.00 6.5% 19.57 11.35 8.71 7.46 6.75 6.32 7.0% 19.80 11.61 8.99 7.75 7.07 6.65 7.5% 20.04 11.87 9.27 8.06 7.39 6.99 8.0% 20.28 12.13 9.56 8.36 7.72 7.34 8.5% 20.52 12.40 9.85 8.68 8.05 7.69 9.0% 20.76 12.67 10.14 9.00 8.39 8.05 9.5% 21.00 12.94 10.44 9.32 8.74 8.41 10.0% 21.25 13.22 10.75 9.65 9.09 8.78 10.5% 21.49 13.49 11.05 9.98 9.44 9.15 11.0% 21.74 13.77 11.37 10.32 9.08 9.52 11.5% 21.99 14.06 11.68 10.66 10.16 9.90 12.0% 22.24 14.35 12.00 11.01 10.53 10.29