2. Mr. Smart heard about the Ghana Government's 'Squart Borrowing concept and borrowed GH 15, 000 to have a successful wedding and he wants to pay off the loan in 12 monthly instalments otherwise the bank will come for his wife and children born to them since they were pledged as collateral for the loan. What should the monthly repayments be if the annual interest rate is 18%? (5 marks) 3. Assume that a house costs 150,000 and the borrower puts 25% deposit and borrows the difference from GCB Bank payable over 25 years. The mortgage rate is 12% a month. Required: a) Determine the monthly mortgage payments (5 Marks) b) Prepare an amortization schedule demonstrating the flow of transactions for the first five (5) months of the payment