Q5 John bought a condo for RM450,000. He made a 10% down payment and financed the balance through a bank for 35 years. (a) If the interest rate was 7% compounded monthly, find the monthly payment that John made to settle the loan. How much was the total interest charged. (b) Suppose John missed the first four payments. How much should be paid on the fifth month if he wanted to settle the outstanding arrears. (c) Immediately after paying for 12 years, John wants to settle the loan in full. How much is the amount that needs to be paid? k