8. Home Loan Jodi and Jeff borrowed $120,000 at 6.5% per annum compounded monthly for 30 years to purchase a home. Their monthly payment is determined to be $758.48. (a) Find a recursive formula for their balance after each monthly payment has been made. (b) Determine Jodi and Jeff's balance after the first payment. (c) Using a graphing utility, create a table showing Jodi and Jeff's balance after each monthly payment. (d) Using a graphing utility, determine when Jodi and Jeff's balance will be below $100,000. (e) Using a graphing utility, determine when Jodi and Jeff will pay off the balance. (f) Determine Jodi and Jeff's interest expense when the loan is paid