Suppose you want to borrow $ 120000 and you find a bank offering a 20-year loan with an APR of 6 %. Find your regular payments if you pay n=1, 12,...

Suppose you want to borrow

​$120000

and you find a bank offering a​ 20-year loan with an APR of

6​%.

a. Find your regular payments if you pay

n=1, ​12, 26, 52 times a year.

b. Compute the total payout for each of the loans in part​ (a).

c. Compare the total payouts computed in part​ (b).