Suppose you want to borrow $125,000 and you find a bank offering a 40-year term for a loan of that amount, with an APR of 7%. Complete parts (a) and (b) below. (a) What are your monthly payments? PMT= $776.79 (Round to the nearest cent as needed.) (b) Instead of making 12 payments per year, you save enough money to make a 13th payment each year, of the same amount as your regular monthly payment found in part (a). How long will it take to pay off the loan? Y = (Type an integer or decimal rounded to one decimal place as needed.)