Suppose you want to borrow $$$$120$ comma $000$ and you find a bank offering a$20-$year term for a loan of that$$ amount, with an APR of $6\%.$

a$.$ Find your regular payments if you make them$$ yearly, monthly, biweekly$($every $2$ weeks$),$ or weeklylong dashthat $$is$,$ for nequals$1,12,26,52.$

b$.$ Compute the total payment for each case in part$($a$).$

c$.$ Compare the total payments computed in part$($b$).$

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Part $1$

a$.$ The payment for nequals$1$ would be $$$

$$

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The payment for nequals$12$ would be $$$

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The payment for nequals$26$ would be $$$

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The payment for nequals$52$ would be $$$