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7. (9 pts) Suppose a new homeowner wants to purchase a house for $580,000. They pay $30,000 as a down payment and finance the rest

7. (9 pts) Suppose a new homeowner wants to purchase a house for $580,000. They pay $30,000 as a down payment and finance the rest at 4.25% for 20 years. a. Find the amount being financed. b. Use the monthly payment formula to find the monthly payments. Round the answer to two decimal places. C. Find the total amount of interest that would be paid over the term of the loan. Round the answer to two decimal places

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