6.) The Richardsons just purchased a home for $290,000. They paid a $30,000 cash down payment and financed the rest with a 30-year mortgage at a nominal 4.8% per year interest rate compounded monthly. What does their monthly payment need to be in order to fully amortize the loan in 30 years? 7.) The Jackson family purchased a home 7 years ago for $360,000. They paid $40,000 down and financed the rest with a 30-year mortgage at a rate of 4.55% compounded monthly. a) What is their monthly payment on their mortgage, b) What do they still owe on their mortgage, and c) If the value of the home is now $400,000, what is their current equity in the home