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MTH 1050 Home Project - Part III Name: Briana LamontInstructions:Show all work for each section. Any paragraphs should be typed and written in complete sentences. Use Times New Roman, 12-point font and double space. Cite any resource that you use. (Click on the following attachmentfor a guide to cite resources in APA.) Include any additional paperwork with your project document. Please note: up to 10% of the total points could be deducted for shortcomings in sentence structure and mechanics for written responses.Part III: Finding Mortgage PaymentsIn this scenario you cannot pay cash for your home (Refer to your answers in Home Project, Part2) and you will need to get a loan from a financial institution. Research and find a current interest rate for both a 30-year fixed mortgage and a 15-year fixed mortgage through your bank or other source such as Note: For all of Home Project Part 3, the calculated loans will not require a PMI payment..