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Please help me find the attached answer for question (b) and (c). If convenient, I'll be appreciate if you can help me conduct the amortization

Please help me find the attached answer for question (b) and (c).

If convenient, I'll be appreciate if you can help me conduct the amortization table!

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Question 3 (40 marks) Sarah wanted to buy a house in Launecston and she borrowed $350,000 from Commonwealth Bank. The bank offered an interest rate of 5525 = 6% pa. She agreed to repay this loan with fortnightly payments of $1,500, with the rst payment occurring one fortnight after the loan was taken out. (a) Determine how long it takes to repay the loan. [5 marks] (b) After making 11 payments she lost her job and missed the 12th, 13th and 14th payments. By the time of the 15th, the payments were resumed. How big does the 15th payment have to be to return to the original repayment schedule? [10 marks] (c) From the 16th payment onwards she decided to pay off the loan with only $1,200 per fortnight. Find the size of the partial payment. Describe and perform a sanity check on your answer. [15 marks] (d) Construct an amortization table showing the last ve payments (i.e two full pay ments and a partial payment), and describe and perform a sanity check on the nal outstanding principal. [10 marks]

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