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Given infoStudent loanAnnual 146674 year total 58558Interest 4.45%HomeBuying home in 7 years which is 4 years after graduation30 year mortgage fixed interest 4.37%House is 450kwith 15% downpaymentCost of livingUtilities monthlyElectric 45Phone 25Internet/cable 115Water 50Natural gas 120Gas 350Food 400Rent 0Yearly expensesTechnology 1000Car maintenance 500Clothes 1000Vacation 1000Bar/clubs 1000Salary65k plus 5k for inflation 70kFirst, let's compute your monthly (don't forget to modify yourinterest rate, for monthly compounding!!) debt of the student loan.Your payments will start on September 2022 and nish on September2032. Please compute your monthly payment (using the assumptions oryour real data [amount loaned, interest rate and duration]) and thetotal interest you will pay.2. Compute the monthly payment of your house and the totalinterest you will pay on it. You have until 2025 to get the moneyfor the down payment and you will start paying your mortgage onSeptember 2025 and continue until September 2055. Compute the totalinterest you will pay.