You plan to buy a $260000 home with a 10% down payment in Canada. The bank you want to finance the purchase suggests two options (use Canadian way, semiannual compounding): Option 1:20-year mortgage at 8.22% nominal annual interest rate. Option 2:30-year mortgage at 10.04% nominal annual interest rate. What is the equivalent monthly interest rate for each option? (Keep 4 decimal places in answers) Equivalent monthly interest rate Option 1: % Equivalent monthly interest rate Option 2: % What is the monthly payment of each option? (Keep 2 decimal places in answers) Monthly payment Option 1: $ Monthly payment Option 2: \$