Hello, please help with solving and showing work for pages 2-4. Page 1 is formulas. Please kindly answer all question "?" areas. Thank you!

For this project you will purchase and finance an automobile and a house. The two will be financed and they are financed differently. When a vehicle is purchased and financed through the dealership, a simple interest contract is typically offered to finance the balance. A house typically uses a conventional loan, which has its mathematics in compounded interest. Simple interest formula: A=P(1+rt) Conventional Loan Payment formula: Payment =((1+nr)nt1(AmountBorrowed)(nr)(1+rr)nt) Show work: A=P(1+rt) A : Interest p: pruapal R: rate T. time Calculate the amount owed back to the lender = How much in interest will you pay to finance the car = Divide the amount owed to the lender by the number of months to get your Payment Find a listing for a house that you might be interested in purchasing. You can use a local (Fresno area) realtor or a listing from the area/town you are originally from. Attach a copy of the listing as part of the project. The house is limited to a listing price of $600,000 or less. Use the information to complete the following. 1. What is the listed price of the house? $594.990 2. Mortgage lenders will want at least 20% of the price as a down payment. What is your down payment? $118,998 3. What is the amount of money you need to finance to purchase the house? $475,992 4. Find you monthly mortgage payment. Research possible loans through an online financial resource (i.e. Bankrate.com, lendingtree.com,...) Bank of the West Length of loan: 30 yr tixed years Rate for loan: Use the formula from class to determine. Show your work for the calculation. Monthly payment for loan: Amount of Interest you will pay on the loan over the life of the loan: If you housing costs should be approximately 25%(1/4) of your monthly income, how much will your monthly income need to be to afford the house described: ? Create Amortization Schedule for the loan and attach one page of it with the project from an online amortization calculator