Priya and Ronnie borrow $500,000 from the EastSide bank, to be paid back through monthly repayments over 12 years, with the first repayment to occur one month after taking out the loan. EastSide charges at interest j12 = 6.12% p.a. Under the terms of the loan, Priya and Ronnie will pay interest only for the first 2 years of the loan. At that point the loan will change to a fully amortized (principal and interest) loan, which will apply for the final 10 years of the loans duration. ] f) Describe and perform and sanity check on your amortization schedule. [3 marks] [1+1 = 2 marks] g) If Priya and Ronnie simply took out a 12 year P&I for $500,000 at j12 = 6.12% p.a. and intended to make monthly repayments of $2400, attempt to determine how long they would take to pay off the loan. Explain why your attempt to answer the question was problematic.