Question 3. (15 points) Suppose you apply a 5-year bank loan of $400,000 at 12% APR, repayable in equal instalments at the end of each month. Assume that you pay $8,897.779 each month. a. How much is owed (to the bank) at the end of year 3 ? [5 points] b. How much interest is paid at the first month of year 4 of the loan? [5 points] c. How much interest is paid over the last two years of the loan? [5 points]