Guaranty offers a Home Equity Line of Credit that lowers a hypothetical monthly payment by $106.25 The following table (I put it in as an attachment), published by Guaranty, shows how. The home equity payment is based on 15% APR annualized over a 10-year term. This means the loan is amortized at 15% with monthly payments.a.) Using this interest rate and monthly payments for the 10 years, how much money will still be owed at the end of the 10 years? (Prove that the stated payment is an interest only payment by using the formula:) b.) How much would the payment have to be to have the debt paid in the 10 years? c.) How much interest would you pay over the 10 year period if; . You make the payment stated by the company . You make the payment you found in part b Guaranty offers a Home Equity Line of Credit that lowers a hypothetical monthly payment by $106.25 The following table (I put it in as an attachment), published by Guaranty, shows how. The home equity payment is based on 15% APR annualized over a 10-year term. This means the loan is amortized at 15% with monthly payments.a.) Using this interest rate and monthly payments for the 10 years, how much money will still be owed at the end of the 10 years? (Prove that the stated payment is an interest only payment by using the formula:) b.) How much would the payment have to be to have the debt paid in the 10 years? c.) How much interest would you pay over the 10 year period if; . You make the payment stated by the company . You make the payment you found in part b