Could you please answer these questions step by step using a formula if necessary, if you are using a financial calculator please let me know the inputs and how did you use the calculator 9) $350,000 is borrowed to purchase a house and land package, to be repaid with equal monthly repayments at 6% interest over 25 years. (a) How much are the monthly repayments? (b) How much interest is paid over the life of the loan? (c) How much is still owed after fifteen years? 8) A debt of $200,000 is accruing interest at 9% compounded daily. If it is to be repaid by monthly payments of $1,500, how long will it take to repay the debt? (Comment on your answer.) 7) An investment is expected to pay a return of $5,250 semi-annually (i.e. at the end of each six months) for the next five years. If an investor is willing to pay $40,000 for this investment, what effective rate of return is he earning