#12 the answers to A)$98,500.00 B) $848.16 and C) 9.7% are provided to us as shown. I need the work that shows the steps we took to come up with these answers. Excel and financial calculators are not allowed. Thank you

11. A borrower needs a $78,000, 25-year loan to buy a house. If the lender charges 3 points on the loan and the interest rate is 6.6% compounded monthly, find: a) the face value of the loan. ( $80,412.37) b) the size of the monthly payment. ($547.99) c) the effective interest rate on the loan to the nearest 0.1%. (7.0%) 12. A borrower received a 30-year loan with a face value of $100,000 to buy a house at 9.6% compounded monthly. If the borrower is charged 1 /points, determine: a) the amount the borrower received to buy the home. 11. A borrower needs a $78,000, 25-year loan to buy a house. If the lender charges 3 points on the loan and the interest rate is 6.6% compounded monthly, find: a) the face value of the loan. ( $80,412.37) b) the size of the monthly payment. ($547.99) c) the effective interest rate on the loan to the nearest 0.1%. (7.0%) 12. A borrower received a 30-year loan with a face value of $100,000 to buy a house at 9.6% compounded monthly. If the borrower is charged 1 /points, determine: a) the amount the borrower received to buy the home