Suppose you want to borrow $90,000 and you find a bank offering a 20-year loan with an APR of 3%.

a. Find your regular payments if you pay nequals=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 nequals=1 would be $.

The payment for nequals=12 would be $.

The payment for nequals=26 would be $.

The payment for nequals=52 would be $.