Assume the following information for a home mortgage:

Original loan amount = $240,000 Annual interest rate = 6.6% Term of loan = 30 years

For year seven, how much interest and principal was paid, and what is the balance due at the end of year seven?

$3,732.18 of principal; $14,560.59 of interest; balance due $218,573.02

$3,885.32 of principal; $14,508.11 of interest; balance due $217,691.10

$3,885.32 of principal; $14,407.48 of interest; balance due $216,169.45

$3,906.62 of principal; $14,486.74 of interest; balance due $217,358.72

$3,928.12 of principal; $14,465.25 of interest; balance due $217,021.33 Please show work and explain! Thank you!