e Table ak, Next Footnote - Insert Footnote Show Notes Insert Smart Researcher Lookup Research Style APA Insert Citation I Bibliography Citations & Bibliography ! Update Table Caption Cross-reference Captions ts Footnotes Client #14 Guadalupe is buying a home for $379,000 and has come to your bank for a mortgage. Your bank requires a 15% down payment and charges 2 points for the loan. She is seeking a 30-year mortgage and your bank can offer her a 2.95% conventional loan. a. (1 pt) First determine the problem type by clicking the appropriate box (if you are doing this in Word) or put an "x" in the appropriate box. Percent problem Simple interest Compound Interest Present Value Needed Ordinary Annuity Sinking Fund Mortgage Principal and Interest Payment b. (2 pt) Determine the amount of the required down payment. Show all steps. c. (2 pt) Determine the amount of the mortgage. Show all steps. d. (2 pt) Determine the cost of the 2 points. Recall that points are considered prepaid interest, so Guadalupe will pay this on closing day. Show all steps. e. (2 t) Determine the amount of the monthly principal and interest payment. Write out 1) the correct formula with variables (e g. A.P., etc.), and 2) the correlt formula with the numerical values. Round your answer to the nearest cent. Round up to the next cent for sinking funds. f. (2 pt) Determine the total amount Guadalupe will end up paying for her house. Show all steps. (20) Determine how much of the total amount Guadalupe will pay is interest. Show all steps. 1861 word e Table ak, Next Footnote - Insert Footnote Show Notes Insert Smart Researcher Lookup Research Style APA Insert Citation I Bibliography Citations & Bibliography ! Update Table Caption Cross-reference Captions ts Footnotes Client #14 Guadalupe is buying a home for $379,000 and has come to your bank for a mortgage. Your bank requires a 15% down payment and charges 2 points for the loan. She is seeking a 30-year mortgage and your bank can offer her a 2.95% conventional loan. a. (1 pt) First determine the problem type by clicking the appropriate box (if you are doing this in Word) or put an "x" in the appropriate box. Percent problem Simple interest Compound Interest Present Value Needed Ordinary Annuity Sinking Fund Mortgage Principal and Interest Payment b. (2 pt) Determine the amount of the required down payment. Show all steps. c. (2 pt) Determine the amount of the mortgage. Show all steps. d. (2 pt) Determine the cost of the 2 points. Recall that points are considered prepaid interest, so Guadalupe will pay this on closing day. Show all steps. e. (2 t) Determine the amount of the monthly principal and interest payment. Write out 1) the correct formula with variables (e g. A.P., etc.), and 2) the correlt formula with the numerical values. Round your answer to the nearest cent. Round up to the next cent for sinking funds. f. (2 pt) Determine the total amount Guadalupe will end up paying for her house. Show all steps. (20) Determine how much of the total amount Guadalupe will pay is interest. Show all steps. 1861 word