Activity 3 Question 1 James would like to buy a house worth $200,000. He borrows the funds from a bank at the interest rate of 5% for a period of 30 years a. Calculate John's monthly mortgage payment b. Calculate the total amount of money he will have to repay c. Calculate the total interest that he will pay for this loan Activity 4 Question 1 ABC Pte Ltd needs $7,500 to renovate its current facility. The firm borrowed 80% of the cost at 8% interest for 3 years. The loan must be rapid in three equal annual payments. Prepare the amortisation schedule for the three-year loan.