please answer both questions :)

1. Jim Franklin recently purchased a home for $300,000 on which he made a down payment of $100,000. He obtained a 30-year mortgage to finance the balance on which he pays a fixed annual rate of 6%. If he makes regular, fixed monthly payments, the monthly payment is 2. (Continued) Jim Franklin recently purchased a home for $300,000 on which he made a down payment of $100,000. He obtained a 30-year mortgage to finance the balance on which he pays a fixed annual rate of 6%. If he makes regular, fixed monthly payments, the loan balance of will remain just after the 48th payment. Hint: you need answer in question 1