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(a) Mr. White wants to buy a house at the price of $4,000,000 which will be settled by monthly regular payments of $12,000 at the end of each month for as long as necessary, if a balloon payment is made. The effective interest rate is 3% pa. (i) Calculate the number of payments. (ii) Determine the amount of the final payment. (ii) Set up a partial amortization schedule to show all the entries of the last two Show how to calculate each entry. (a) Mr. White wants to buy a house at the price of $4,000,000 which will be settled by monthly regular payments of $12,000 at the end of each month for as long as necessary, if a balloon payment is made. The effective interest rate is 3% pa. (i) Calculate the number of payments. (ii) Determine the amount of the final payment. (ii) Set up a partial amortization schedule to show all the entries of the last two Show how to calculate each entry