Ayman decided to buy a house. The value of the house is $250000.Aymen has $50000 and the rest would borrow from The Arab Bank for20 years. The AB impose penalty equal to 3 time one month’sinterest on the outstanding balance a. What are the periodicpayments? b. How much interest, would Aymen pay to the bank over 20years. c. Aymen fail to pay the 12th, 13th, 14th payments, How muchshould be the 15th payment so that Aymen is back on track d. 3years later, Ayman manages to rent the house. He increased theperiodic payment by $1000 monthly. i. How long would it take to paythe mortgage? ii. How much an overall interest Aymen savedaccording to his new plan iii. In the 5th years, Aymen Learned thatBP offers a mortgage at 7%. a. What is the outstanding balance b.Should Ayman refinance?

** Consider the interest rate 10% yearly( for every year) **

PLEASE ASAP