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7. If, in the previous two problems you make your monthly payments as scheduled for 30 years, what is your cost of financing? 5. After getting your first job as a Civil Engineer graduate, you find that you can afford $1,100 per month for the purchase of a house. If you finance the house for 30 years at 3.75 percent annual interest, compounded monthly, what can you afford to borrow for the home purchase? 6. In the previous problem, how much of your first payment is interest, and how much is principal? 7. If, in the previous two problems you make your monthly payments as scheduled for 30 years, what is your cost of financing