HELP

[Question 1: Mortgage Computation] You purchase a house at a price of $1,200,000. The down payment () of the house is 25%. The rest of the purchase will be financed by a mortgage. The negotiated terms are: 1) the annual interest rate is 6%;2 ) the maturity of the loan is 20 years and the term of the loan is 5 years; 3) you pay on a monthly basis. (a) What is each monthly payment? (I8 points) (b) What are the total payments? (6 points) How much interest will be paid in total by the end of 20 years? (6 points) (c) BONUS: What will you still owe at the end of the third year ( 36 th period)? ( 5 bomus points) [Hint: the amount owed should be the PV of all remained payments]