Mohammed intends to buy a three-bedroomed semi-detached house in a leafy Manchester suburb. He intends to deposit 50,000, into the property purchase. Mohammed has two financing options to consider. The first option will obtain funding from a Building society, offering 465,000 at a rate of 6% compounded monthly, over a 25- year period. The wealthy property owner is offering to finance the loan at 4.8% per year compounded monthly over a 25-year period. Assuming that both loans would be amortized over a 25-year period by 350 equal monthly instalments, determine thedifference in the amount of interest the Mohammed would pay by choosing the seller's financing rather than their bank's financing. X