The buyer of a piece of real ectate is often given the option of buying down the loan. This option gives the buyer a choice of loan terms in which various combinations of interest rates and discount points are offered, The choice of how many points and what rate is optimal is often a matter of how long the boyer intends to keep the property, Darrell Frye is planning to buy an office building at a cost of 5984,000 , He must pay 10% down and has a choice of financing terms. He can seiect from a 9%. 30 -year loan and eay 4 discount points, a 9.25%30-year loan and pay 3 discount points, of a 9.5%40-year loan and pay 2 discount points. Darreil expects to hoid the buiding for three years and then sell it. Except for the three rate and discount point combinations, all other costs of purchasing and sellirg are fixed and identical. (Round your answers to the nearest cent, Ure this table, if necessary.) (a) What is the amount being financed? 5 (b) If Darrell chosses the 4-point 9% loan, what will be his total cutlay in points and payments after 36 monehis? (c) If Darrell chooses the 3-pont 9.25% loan, what will be his total outiay in ponts and payments affer 26 months? (d) If Darrell chooses the 2-point 9.5% loan, what will be his tokal ovelay in points and paymests after 36 months? (e) Of the three cheices for a loan, which results in the lowest toeal outay for Darrel after 36 moriths? the 4-point 9% loan the 3-point 9,25-1 foan the 2-point 9.5% ioan 14-1: Monthly Payments to Amortize Principal and Interest per $1,000Fir Monthly Payments