Question 4 (15pts): You plan to purchase a house for $600,000 using a 30-year mortgage. You will make a down payment of 20 percent of the purchase price. The loan amount is your bank offers the following: Option 1: Mortgage rate of 9 percent (monthly payments) Option 2: Mortgage rate of 7 percent and pay for 2 points (monthly payments) a. Loan amount (2pts) b. Amount spent on buying points (2pts) c. Which is the better option? (6pts) - hint: calculate the monthly payment of each option and compare the cost of buying points to the benefits of buying points.