Question: show inputs and timelines please. answer every letter PLEASE. 16. You are buying your first house for $220,000, and are paying $30,000 as a down

show inputs and timelines please. answer every letter PLEASE.

16. You are buying your first house for $220,000, and are paying $30,000 as a down payment. You have arranged to finance the remaining $190,000 with a 30-year mortgage with a 7% nominal interest rate and monthly payments. a. What are the equal monthly payments you must make? b. Show the first 3 months of an amortization schedule. c. How much interest paid in the 10th year? d. How much interest paid over the first 7 years? e. What is the effective annual rate

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