11. Mr. Chan has a mortgage loan with a balance of 5 million HKD and 28 years remaining. The bank sets APR = min (HIBOR + 1.3%, Prime - 2.75%). For the current month, HIBOR = 3.25% while Prime = 5.25%. For the current month, calculate the following: (1) the monthly payment; (2) the interest payment; (3) the principal payment.

11. Mr. Chan has a mortgage loan with a balance of 5 million HKD and 28 years remaining. The bank sets APR =min(HIBOR+1.3%, Prime 2.75%). For the current month, HIBOR=3.25% while Prime =5.25%. For the current month, calculate the following: (1) the monthly payment; (2) the interest payment; (3) the principal payment