2. Philip and Jennifer from Case study 1, have called to discuss whether they should fix the interest rate on their loan after having received several conflicting viewpoints from family and friends. (a) Explain the process you would use to research and identify the various product options available to meet the needs of Philip and Jennifer. (b) Explain to Philip and Jennifer two (2) advantages and two (2) disadvantages of fixing a loan over different fixed rate terms. (150 words) Student response to Task 7: Question 2(a)-(b) Answer here 3. What other option/s can you suggest if they remain uncertain about whether to fix the rate on their loan? (100 words) Student response to Task 7: Question 3 Answer here