Question 3 [7 marks: 1, 2, 1, 2, 1) A family purchase a new home theatre valued at $12 750. To pay for it the family borrow the full amount at 9.75% per annum reducible monthly. They will repay the loan at $360 per month. The repayment schedule is shown, in part, below. Month Balance Interest Repayment 1 12 750 103.59 360 2 12 493.59 101.59 360 3 12 235.10 99.41 360 16 17 8 677.27 8 387.77 70. 68.15 360 360 41 42 688.20 333.79 5.59 2.71 360 ? Use the schedule, shown above, to answer the following questions. a) What is the length of this loan? b) Find the amount owing (Balance) at the beginning of the 18th month? c) Find the last repayment? d) What is the total cost of this loan? e) How much interest was paid