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You want to buy a property for $10,000,000 and finance it with an ABC Bank 15-year mortgage loan. The mortgage rate that you have been given is fixed at 6% per year. You'll need to put down 30% of the buying price as a down payment. (a) Calculate the monthly mortgage payment, using the table provided below. (b) Calculate the outstanding balance after the 2nd month of mortgage payment is paid. 1 Mortgage payment factors (principal and interest factors per $1,000 of loan amount] Term Rate 30 Years 25 Years 5.0% 55.37 $5.85 5.5 3.68 6.14 6.0 6.00 6.44 6.5 6.32 6.67 7.0 6,65 706 75 699 739 8.0 7.34 7.72 8.5 7.69 8.05 9.0 8.03 8.39 20 Years $ 6,60 6.88 7.16 7.45 775 8.06 8.36 8.68 9.00 15 Years $7.91 8.17 8.43 3.71 8.98 9.27 9.56 9.85 10.14