Question $2$: Loan amortisation schedule $15$ marksYou have been considering purchasing an apartment which is situated near the University ofJohannesburg. The decision of the monetary policy committee $($MPC$)$ on $30$ May $2024$ to keepthe repo rate unchanged at $8\mathrm{.}25\%$ has strengthened your expectations of the growth outlookin the country. The property will cost you R$710000$ and you have been pre$-$approved for a$100\%$ mortgage loan at an interest rate of $6\%$ with interest compounded monthly for a periodof $20$ years. Property values are expected to grow at an annual rate of $9\%(0\mathrm{.}79\%$ monthly$).$Considering the increasing demand of student accommodation in Johannesburg, you will beable to rent out the apartment at R$4000$ per month. Both the interest and the rent are paid inadvance every month.Required:$2\mathrm{.}1.$ Calculate the expected value of the apartment in $20$ years time. $(3)2\mathrm{.}2.$ What is the mortgage loan repayment at the beginning of each month? $(3)2\mathrm{.}3.$ What is the net amount that you must pay in each month? $(4)2\mathrm{.}4.$ Construct a loan amortisation schedule for the home mortgage loan. $(5)$