2. In the class, you have seen a 15-year mortgage plan, here I want you to make a 30-year mortgage plan for the same loan amount of $350,000 at present. The interest rate will be usually higher for a longer term loan because of higher financial risk associated with the loan. Assuming the annual interest rate is 6.7% fixed for the 30-year mortgage, draw the cash flow diagram and calculate the following items and compare your results to what you have seen in the 15-year mortgage to appreciate the changes in the amortization schedule for your 30-year loan plan: a) What is the monthly payment for this mortgage? (10 pts) b) What is the total amount of interest paid during the life of this mortgage? (10 pts)