Question 8 A borrower takes-out a loan in the amount of $200,000 for a term of 15 years at 6% APR, compounded monthly. The borrower is only required to pay interest on the loan. (a) How much are the monthly loan payments the borrower must make to the lender? (6 points) (b) Assume that this borrower is a small business owner who is using the loan to purchase retail space. Why would this loan be preferable over a loan that would amortize? (3 points) (c) Regardless of your answer to part (b), assume instead that this borrower is a homebuyer. What would be one disadvantage to taking this loan instead of a loan that would amortize? (3 points)