Car Purchasing: Use the link above and decide how expensive of a car you can afford given the monthly payments and down payment you can make. Input your information, and write a brief summary of the results for each of the loan terms below that you get if you finance an automobile at 2.5% over 3,4 , and 5 years. 1. What is your dream car? 2. Visit the TCalc online financial calculator E, 3. Select: Personal Financing Calculator 4. Select: How much car can I afford? Based on the result that you got for the three-year loan, using the internet, look for a car that fits your budget and provide an explanation of why you would choose that particular car. For example, fuel efficiency, price, features, etc. Use the knowledge you have gathered from the chapter in answering the question. Home Purchasing: Visit the Chase Home Affordability. E, website and calculate how much home mortgage you can afford based on the income you expect to earn once you graduate. Or, you can base it on your current income. Enter the following information. 1. Loan and Borrower Info: Select Income 2. Annual Gross Income (Annual Salary. If you are not currently working using the anticipated annual salary post-graduation) 3. Monthly Debt Payments: $500 4. Down Payment: $25,000 5. Terms (length of the loan in years): Calculate both 15 and 30 separately 6. Interest Rate - 2.5% (30-year term) - 1.5% (15-year term) 7. Taxes \& Insurance (Select Include) 8. Property Tax: $5,500 for property tax 9. Homeowners insurance (yearly): $3,000 10. Monthly HOA fee: $100 11. If you have five years to save $40,000 for a down payment for your future house, what steps would you take to save the amount