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Please provide step by step guide without using excel and use financial calculator if applicable Problems 7 - 1 0 are based on the following

Please provide step by step guide without using excel and use financial calculator if applicable
Problems 7-10 are based on the following information:Youve just bought a house and took a $300,000 mortgage that you plan to repay in equal monthly payment of $3,159.67 during the next 25 years starting next month (i.e., you will make a total of 300 monthly payments). The monthly interest rate is 1%
Problem 7:How much of your SECOND payment will be interest?
A) $2996B) $2997C) $2998D) $2999E) $3000Ans: C
Problem 8:What will be your balance 5 years from now (right after your 60th payment)?
A) $110420B) $240000C) $275674D) $281816E) $286959
Ans: E
Problem 9:If 10 years from now you will make a pre-payment (an extra payment in addition to your regular 120th payment) of $20,000 by how many months (rounded to the closest integer) will it decrease the length of your mortgage?
A)6 monthsB)11 monthsC)17 monthsD)19 monthsE)32 months
Ans: E
Problem 10:If 10 years from now you will make a pre-payment (an extra payment in addition to your regular 120th payment) of $20,000 by how much such prepayment will decrease your outstanding balance 17 years from now (at the time of your 204th payment)?
A) $24,387B) $36,334C) $46,134D) $52,364E) $66,007
Ans. C

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