(Marks 1 + 2 = 3) has bought a house for $600,000 with 30% cash down payment. The remaining balance is financed by a 30-year mortgage at 6% per annum. The mortgage installments are paid monthly and the first installment is due now. Steve () How much is Steve's monthly mortgage repayment? (i) What are the implications of having the payment due at the beginning of the month as opposed to the end of the month? (ii) Re-calculate the monthly mortage repayment if the first installment is due at the end of the month, (Marks 2 + 2 + 1 = 5)