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You plan to take out a 30-year xed rate mortgage tor $100.000. Let PU) be your monthly payment if the interest rate is m peryear. compounded monthly. Interpret the equations (a) P(5) : 536.62 and (b) P'(5i=61.12. (a) Interpret P(5) = 535.32. Select the oon'ect answer below. 0 A. If the interest rate on the mortgage is 6%. the monthly payment will be $536.32 0 B. If the interest rate on the mortgage is 5%. the monthly payment will be $536.32 0 C. If the interest rate on the mortgage is 5%. the monthly payment will be $61 12. O D. If the interest rate on the mortgage is 6%, the monthly payment will be $61 12 (b) interpret P'(5) : 61.12. Select the correct answer below. Q A. If the interest rate decreases from 6% to 5%, the monthly payment will be approximately $535.32. 0 B. If the interest rate increases from 5% to 6%. the monthly payment will Increase oy approximately $61.12. 0 o. If the interest rate increases from 5% to 6%. the monthly payment will decrease by approximately $61.12. 0 D. If the interest rate decreases from 6% to 5%, the monthly payment will increase by approximately $536.62