You have just made an offer on a new home and are seeking a mortgage. You need to borrow $607,000. a. The bank offers a 25-year mortgage with fixed monthly payments and an interest rate of 0.48% per month. What is the amount of your monthly payment if you take this loan? b. Suppose you take the 25-year mortgage described in part (a). How much will you still owe on the mortgage after 10 years? a. The bank offers a 25-year mortgage with fixed monthly payments and an interest rate of 0.48% per month. What is the amount of your monthly payment if you take this loan? Your monthly payment will be $ (Round to the nearest cent.)