) You are considering the purchase of a home for $600,000. You have available a deposit of $100,000. The bank will lend you money at 8 per cent per annum compounded monthly over a period up to 25 years. If you borrow the required funds over 25 years, what are the monthly repayments? After three years, how much do you still owe the bank? What is the interest component of the 24th repayment