Suppose you want to borrow $110000

110,000 and you find a bank offering a20-year loan with an APR of 7%.

a. Find your regular payments if you pay n=1, 12, 26, 52 times a year.

b. Compute the total payout for each of the loans in part(a).

c. Compare the total payouts computed in part(b).

a. The payment for n=1 would be ?

The payment for n=12 would be ?

The payment for n=26 would be ?

The payment for n=52 would be ?

(Do not round until the final answer. Then round to the nearest cent asneeded.)