3. What are the monthly repayments on a 20 year Interest Only loan for $375,000 at an interest rate of 6.50% ? a) $1,875.46 b) $2,335.29 c) $2,031.25 d) $1,944.84 4. What are the total repayments of the loan detailed in Question 3? a) $862,500.00 b) $487,500.00 c) $597,835.00 d) $791,000.00 5. If the loan in question 3 was a fully amortizing loan what would be total repayments? a) $736,112.00 b) $671,015.82 c) $844,345.34 d) $694,419.00