Question 3 [6 marks] You have decided to purchase a house and start a rental business. You qualify for a loan of R300 000 and during your search, you found a house selling for the same value. Upon application for a loan, Citi Bank offers you the loan at 15% per annum, paid over ten (10) years. Calculate the repayment amount for a 15-year loan. (Use the PMT function and a table to capture the values). 3.1 15 years (3 marks) You have identified a potential rental property priced at R300,000. Citi Bank proposes a 20-year loan with a 15% annual interest rate, resulting in a monthly payment of R3950. Determine the total payment over the loan term of 20 years. (Use the FV function and a table to capture the values). 3.2 20 years (3 marks)