27) You need $25,000 for the down payment on your first home. You presently have $7,500 in savings for which you expect to earn 5.75%. If you don't add any further amounts to this account, how long before you will accumulate enough to meet your down payment requirement and buy the home? a) 21.5 Years b) 15.6 Years c) 23.8 Years d) 19.0 Years e) 28.8 Years 29) You are considering the purchase of a new Lexus automobile, whose price tag is $49,256. You can make a down payment of $15,000.00 and finance the remaining balance over 3 years (36 months) at 4.5%. You wonder if you can afford the monthly payments. How much will the monthly payment be? a) $1,036 b) $1,019 Q $783 d) $889 a $676