An investor has $88,000 to invest in a $364.000 property. He can obtain either Atternattve t: A$276,000 loan at 97 percent for 20 years or Alternative 2: A $208,000 loan at 9 percent for 20 years and a second mortgage for $68,000 at 13 percent for 20 years. All loans require monthly payments and are fully amortizing. Requlred: a. Which alternative should the borrower choose, assuming he will own the property for the full ioan term? b. Which alternative should the borrower choose if the borrower plans to owri the property only five years? c1. Which alternative should the borrower choose, assuming he will own the property for the full foan term and the second mortgage has a 10 -year term? e2. Which olternotive should the bortower choose, assuming that the borrewer plans to own the property onily for five years and the second mortgage has a 10 -year term