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Question 1 A borrower is contemplating to buy a house valued at P500,000.00 situated in Gaborone. Recently she approached a commercial bank to help finance the venture. The bank agreed to lend her 90% of the value of the house at Prime plus 2% interest rate. Prime rate currently stands at 11% and home loan interest rates are compounded yearly. Instalments on the loan will be paid at the end of each period for the next 6 years. Required: a) Calculate the yearly instalments to paid by the borrower b) How much in TOTAL will be paid towards interest for the entire 6 year period? c) How much of the last (6th) instalment represent principal payment