Cengage WebAssi... New Tab Math Quiz | Online.. Simplify - Add 6. [-/1 Points] DETAILS SMITHNM13 11.6.045. MY NOTES How much interest (to the nearest dollar) would be saved on the following loan if the home were financed for 15 rather than 30 years? A $511,000 home bought with a 20% down payment and the balance financed for 30 years at 5.8% Need Help? Read It Submit Answer 7. [-/1 Points] DETAILS SMITHNM12 11.6.004. MY NOTES Use a calculator to evaluate the present value of an annuity formula P = m _ 1 - (1 + = ) -nt for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cerf. ) $50; 4%; 7 yr Submit Answer 8. [-/1 Points] DETAILS SMITHNM12 11.6.010. MY NOTES Use a calculator to evaluate the present value of an annuity formula P = m_ [ 1 - (1 + =)-m for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $1,050; 8%; 9 yr