Today is 1 say 2021 You are looking to purchase an investment property today latter months of research and negodations you have spoken to Peter, the loan specialist at Hurrson Bank, to negorlate the terms of your mortgage. You and Peter have agreed to the following terms . You will borrow $700,000 today in order to purchase your chosen property This mortgage will be repaid by level monthly sepayments Your flest repayment to the bank will occur eachy i month from today on 1 August 2021, and the final repayment will occur exactly 25 years from today, on 1 July 2046 . Peter has arranged for an interest rate of 72% pa efective to be locked in for the life of this loan Using the information provided answer the following questions. It is highly recommended you draw a diagram to represent the given information The first monthly payment occurs on 1 August 2021, and the Tral monthly repayment occurs on 1 2046. How many repayments are there in this targement