Critical Thinking Life Problem: Purchasing a Home You may use either your calculator or Excel for this problem Provide the answer for each question, (a) through (f), on the front page. Below the answers, show your work and computations. Be neat and professional. Turn in and submit to Google Drive located on the Moodle page. You are ready to purchase a new home that sells for $290,000. You have been working hard and have accumulated a 25% down payment. You will borrow the remaining amount. The best mortgage rate you can find is a 30 year fixed rate of 4.625% annually. bols Add-ons Help Last edit was 2 minutes ago xt Times New... 12 B I VA GD 1 2 3.IN 4 5 (c)What will be the total amount of all your mortgage payments after 30 years (i.e., the total of all 360 payments)? (d) What is the total amount of interest you will pay over the 30 years? (e)If you take out a 15 year mortgage (rather than 30 year mortgage) what will be your monthly mortgage payment? (f)How much more or less interest will you pay in total (i.e., over the life of the mortgage) with al5 year mortgage compared with the 30 year mortgage? B o a i (hp