A professional earning a monthly salary of 12,000 MAD decided to obtain a loan from the bank to purchase an affordable apartment costing 410,000 MAD. In addition to the loan, the individual made the following payments in cash: 6% for registration duty, 1.5% for notary fees, 1% for stamp duty, and 10,000 MAD for insurance and bank fees. Assuming the full acquisition price was financed by a bank loan with a constant interest rate of 6% per year, compounded monthly, if you pay 4000 MAD monthly starting end of Month 4 after loan acquisition: (a) How long (in years and months) will it take to repay the loan; (5pts) (b) What would be the sum of money (including the fees associated with purchase and loan) paid? (5pts) (c) What is the future equivalent amount (using the FV function) of the money paid assuming an average inflation rate in Morocco of 4.25% per month in the first 3 years then an average inflation rate of 2.50% per month therein? (10pts) (d) Write a paragraph explaining whether the apartment was worth the given investment. (10pts) Important: Add more rows (months) if needed. Also, note that the final end of payment shall be the remaining amount owned after interest; it shall be less than the monthly payment.