Do not copy from anywhere like chatgpt(AI). They give wrong answers. Give your own calculation. Need correct and accurate answers. If you give incorrect answers I will downvote you. No explanation is required. You can answer just the exact number in the box. But make sure it is correct.

1. a)

b)

You can afford a $1750 per month mortgage payment. You've found a 25 year loan at 8% interest. Round all values below to the nearest dollar. How big of a loan can you afford? How much total money will you pay the loan company? $ How much of that money is interest? $ You want to buy a $180,000 home. You plan to pay 5% as a down payment, and take out a 25 year loan for the rest. a) How much is the loan amount going to be? $ b) What will your monthly payments be if the interest rate is 4% ? $ c) What will your monthly payments be if the interest rate is 5%