2. You purchase a home for 300,000. You pay 2 points (2% of selling price) plus 4000 in closing costs. The whole package is covered in a standard consumer mortgage of 30 years with equal monthly payments. Annual rate is 6% (a) What equation governs the monthly payments and show how you are populating the parameters of this equation to determine your monthly payment. (b) At the end of year 12 what is the Unpaid Balance ? (Show how you calculated this Icl For the monthly payment at the end of year 12 How much goes towards principal? (Any approach to the ambiguity of one month is accepted). Show how you computed the amount towards