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Let's take the basic calculations one step further. In this project, you will research financing to buy a house. Display all of your answers and table neatly and in complete sentences. Instructions: I. Find the house of your dreams (online, in paper, driving around your neighborhood...) a) Find what you want to buy. Show proof the house exists! b) Figure out the cost to buy. c) Describe in a brief paragraph your house and its cost. II. Go to three banks (online or in person) to research financing a) Find out what interest rates banks offer for mortgages. You need to identify at least one for each bank you researched. b) Find out the time periods for the mortgages they offer. You need to identify at least one for each bank you researched. III. Perform calculations a) Create a table displaying your data. b) Figure out how much per month you will have to pay for each option and include this in your table. c) Figure out how much you will actually pay for your house after you include the interest and include this in your table. d) Record in your table the amount of interest you will pay. c) Analyze what the best option will be for your current financial status and explain briefly why you chose that option. f) If you had only $950 to spend per month for a house payment, would you be able to buy this house or would you have to keep looking? g) How much could you actually spend on a house if you could only spend S950 per month? Use the lowest interest rate that you found in II (a). Let's take the basic calculations one step further. In this project, you will research financing to buy a house. Display all of your answers and table neatly and in complete sentences. Instructions: I. Find the house of your dreams (online, in paper, driving around your neighborhood...) a) Find what you want to buy. Show proof the house exists! b) Figure out the cost to buy. c) Describe in a brief paragraph your house and its cost. II. Go to three banks (online or in person) to research financing a) Find out what interest rates banks offer for mortgages. You need to identify at least one for each bank you researched. b) Find out the time periods for the mortgages they offer. You need to identify at least one for each bank you researched. III. Perform calculations a) Create a table displaying your data. b) Figure out how much per month you will have to pay for each option and include this in your table. c) Figure out how much you will actually pay for your house after you include the interest and include this in your table. d) Record in your table the amount of interest you will pay. c) Analyze what the best option will be for your current financial status and explain briefly why you chose that option. f) If you had only $950 to spend per month for a house payment, would you be able to buy this house or would you have to keep looking? g) How much could you actually spend on a house if you could only spend S950 per month? Use the lowest interest rate that you found in II (a)