c. A mortgage company grants mortgage loans based on payment-to-income applying for a 20-year mortgage loan of GHS 500,000. The mortgage loan is at 12% interest per annum. Payment is by the traditional fixed rate, level payment, fully amortized method. Indicate if the couple's application for the mortgage loan should be approved. (4 marks) d. From question C above, calculate the balance on the loan at the end of the 12th month. (4 marks) e. Assume the mortgage interest rate falls to 10% from 12% and the rate is reset to 10% for the next twelve months, calculate the new monthly fixed rate for the next twelve months. (4 marks) f. Assume after the first sixty months of the mortgage payments the borrower decides to make a balloon payment for the remaining total loan, calculate how much this balloon (payment should be. (6 marks)