If you borrow dollars at an annual interest rate of $($in decimal form, so is written as $,$ for a period of years, then the size of the$5\%0.05$ monthly payment, $,$ is given by the annuity equation $=12[1(1+/12)12]$Suppose you need to borrow to buy the new house that you want,$$150,000$and you can only aord to pay per month. Assuming a $-$year mortgage,$$60030$use the bisection method to determine what interest rate you can aord to pay.$($Should you perhaps nd some rich relatives to help you out here?$)$