The Home section of many Sunday newspapers includes a mortgage table similar to the one below. 1 The table gives the monthly payment per $1000 borrowed for loans at various interest rates and time periods. (a) (i) Determine the monthly payment on a $40,000 mortgage at 5% for fifteen years. (ii) Determine the monthly payment on a $40,000 mortgage at 5% for thirty years. (iii) Determine the monthly payment on a 40,000 mortgage at 6.5% for fifteen years. (b) Over the life of the loan, how much money would be saved on a 15 -year mortgage of $40.000 if the rate were 5% instead of 6.5%? (c) Over the life of the loan, how much money would be saved on a 5% mortgage of $40,000 if the term of the loan was fifteen years rather than thirty years