e} Now that you have your down payment, the bank agrees to loan you the remaining difference to purchase a house valued at $3,. The loan is a Bill-yearxed-rate mortgage with an annual interest rate of 3.24%. To determine how much you should pay each month to fully pay off the mortgage in 30 years, we use the formula _ rP(1+r)" _ (1+r]\"1' where c is the monthly payment, P is the amount borrowed, N is the total number of monthly payments, and r is the monthly interest rate. Like in part (cl, we assume the M3\" = UJJUZT. What will be your monthly payment on this mortgage? Round to the nearest dollar. annual interest rate is compounded monthly, so 1" = 1'] 111a banlt giyes you a second option of a lower annual interest rate of 2.31% for a 15- year xed-rate mortgage. What would he the monthly payment on the mortgage under these terms? Round to the nearest dollar. g] Compare the two mortgage options. What are the adyantages and disadvantages of each