You are interested in buying your first home in Rheem Island. It will cost you about 11,500,000 AED. If you plan to pay the loan over 14 years, at an interest of 5% per year, estimate how much will be

(a) your monthly repayments (if you decided to pay monthly)

(b) your weekly repayments (if you decided to pay weekly)

(c) Which option will save you some money over the full term of the loan? Show your workings.