Q3.Use Table 14-1 to calculate the monthly principal and interest and calculate the monthly PITI for the following mortgages. $54,2004.75%years25$719$459 Q4.Michael wanted to find out how much Equity he had in his 1-bedroom condo, and to find out if he has enough to borrow any money against his home. Banks typically will lend up to 65% of the value of the home for a home equity loan. How much equity does Michael have and how much can he borrow? Q1.Sienna is considering two potential 2 bedroom condo's in her area, she really likes the more expensive one, and it has lower interest, but she's not sure she can afford it. Calculate the requested information for each loan to help sienna make a decision. (Use table 14.1 $54,2004.75%25years$459$719 4.75% 25 years $719 years $459