Kiara is buying a house in Truro, NS. The house is listed at $225,000 and she will pay 5.25% in real estate fees. Kiara is able to withdraw a down payment equal to 8% of the purchase price from her savings BMO quotes Kiara a five-year variable mortgage rate of prime minus 0.65%. BMO's Prime Rate is currently 2.45%. Kiara will make monthly mortgage payments and will amortize the mortgage over 25 years. a. The value of Kiara's monthly payment is b. At the end of the five-year term on the loan, Klara will owe on the mortgage assuming interest rates haven't changed. C. Assume that after three years BMO's Prime Rate increases by 125 basis points and stays at the level for at least the next two years. Kiara will owe more on the mortgage at the end of the five-year term than if rates had not changed. Kiara is buying a house in Truro, NS. The house is listed at $225,000 and she will pay 5.25% in real estate fees. Kiara is able to withdraw a down payment equal to 8% of the purchase price from her savings BMO quotes Kiara a five-year variable mortgage rate of prime minus 0.65%. BMO's Prime Rate is currently 2.45%. Kiara will make monthly mortgage payments and will amortize the mortgage over 25 years. a. The value of Kiara's monthly payment is b. At the end of the five-year term on the loan, Klara will owe on the mortgage assuming interest rates haven't changed. C. Assume that after three years BMO's Prime Rate increases by 125 basis points and stays at the level for at least the next two years. Kiara will owe more on the mortgage at the end of the five-year term than if rates had not changed