8.(a) You borrow $200,000 from a bank. The interest rate is 5% per year. How large should your monthly payments be to pay off your loan in 25 years? Assume payments at the beginning of each month. (b) The prime interest rate is 4% (i.e. this is the Bank of Canada interest rate), so that the bank is making 1% interest on top of the prime interest rate (we will assume that the bank itself has no 1 money, so to give you the loan, it borrows $200,000 from the central bank at a rate of 4%). How much profit will the bank make from your loan after the 25 years? (c) Redo questions (a) and (b), but with the base interest rate of 1.5%, and the bank interest rate of 2.5%.

please answer question (a),(b),and(c)