please answer these questions.

Today is 1 july 2021. You are looking to purchase an investment property today (after months of researd and negotiationis). You have spoken to Peter, the loan specialist at Harrison Bank to negotiate the terms of your mortgage You and Peter have agreed to the following terms: - You will borrow $660,000 today in order to purchase your chosen property. - This mortgage will be repaid by level monthly repayments. - Your first repayment to the bank will occur exactly 1 month from today, on 1 August 2021. and the final repayment will occur mactiy 20 years from today, on 1 July 2041. - Peter has arranged for an interest rate of 3.7% p.a. effective to be locked in for the life of this ioan. Using the information provided, answer the following questions it is highly recommended you draw a diagram fo represent the given information. The first monthy repayment occurs on 1 August 2021, and the final monthly repayment occurs on 1 luly 2041 , How many repawinents ar. there in this arrangement? The intryest rate for the loan is 3.7% p.a, effective. Calcualte the equivalent nominal annual rate compounding monthly. Give your answer as a percentage to 4 cecimal places, and do NOT include a percentage sign. Calculate the equivalent effective monthly rate, Give your answer as a percentage to 4 decimal places, and do NOT inchude a percentage Answer: The last payment for the loan occurs on 1 July 2041 . For the next question, we will reler to 2041 as the "finat yearts Type in the tinai year" betow (he if the last payment occurs in 2031, type in 2031). Calculate the size of the level monthly repayment needed in order to fully repay the loan by 1 July 2041 . Give-your answer to the nearest cent, and do NOT include a dollar sign