You decide to purchase a new home and need a $400,000 mortgage. You take out a loan from the bank that has an interest rate of 8%. 1. What is the yearly payment to the bank to pay off the loan in 30 years? 2. After 12 years, how much money do you still owe to the bank? (Outstanding Balance)? 3. Suppose the loan is arranged on a floating rate basis, and after 12 years the interest rate changes from 8% to 9%, how much will your yearly payment to the bank be after the change