$*$ ONLY ANSWER q $29*$Tom is buying a small warehouse. The purchase price is $$180,000.$ The bank is willing to finance $80\%$ of the purchase price for $20$ years in monthly installments at $9\mathrm{.}75\%$ per annum. What is the amount of the mortgage payment?$($answer is $1365\mathrm{.}86)$

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Question $29$

Suppose that, in the problem above, $$1,250$ was the maximum monthly payment that Tom could afford. What interest rate $($to the nearest tenth of a percent$)$ must Tom obtain to keep his payments at $$1,250$ per month? Assume that he wishes to keep the loan amount and term the same. $($enter as a $\%$ with no $\%$ sign$)$