Rohan and Kris borrowed $1,500,000 to purchase a house. The loan requires monthly repayments over 30 years. When they borrowed the money the interest rate was 3.5 per cent per annum, but 2 years later the bank increased the interest rate to 4.5 per cent per annum, in line with market rates. The bank tells Rohan and Kris they can have either Option A or Option B Option A - increase their monthly repayment (so as to pay off the loan by the originally agreed date) (First Option) or Option B - extend the term of the loan (and keep making the same monthly repayments) (Second Option). Required: Calculate 1. The new monthly repayment if Rohan and Kris accept Option A; 2. The extra term (in months) of the loan term if Kevin & Anne accept Option B