Question 3 (12 marks) You have just purchased a property for $4 million, with 80% financed through a 15-year mortgage. The mortgage loan has fixed monthly payments, with the first payment due in exactly one month from now. The interest rate on the loan is 7.2% compounded monthly. a) How much is the monthly payment? (5 marks) b) After 3 years of repayments, what is the outstanding loan amount of your mortgage? (4 marks) c) In your 37th mortgage repayment, how much is the interest payment and principal payment? (3 marks)