Q1. Lily borrowed a 28-year $823986 mortgage with an annual rate of 5% and monthly repayments. After 6 years, interest rates have increased to 6% per aum now. How much does she need to pay to the bank now every month?

Q2. Jasmin has a net annual income of $103063 and wants to borrow a 25-years home loan from the AA bank. AA bank has a borrowing capacity policy of 38%: AA bank approves loans whose monthly repayment does not exceed 38% of borrowers' monthly net income. Suppose that Jasmin borrows a maximum loan from AA bank at an annual interest rate of 5% and pays back the bank with a monthly PMT. Two years later, if the annual interest rate is increased to 5.5%, what is the new PMT of Jasmin?