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I know the answer to part A. I need the answer to part b. Please do this with a financial calculator using TVM showing all

I know the answer to part A. I need the answer to part b. Please do this with a financial calculator using TVM showing all work and NOT excel.

Suppose you take a $220,000 thirty-year fixed-rate mortgage at 5%, two discount points, monthly payments. At the end of the first year you inherit $16,000. You decide to apply this $16,000 to the principal balance of your loan.

A. How many monthly payments are remaining after the extra lump sum payment is made? ANSWER IS 296.28

B. What is your net interest savings over the life of the loan, assuming the loan is held to its maturity?

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