Peter wants to buy a house in Edmonds that costs $400,000. He plans to pay $100,000 as a downpayment. The mortgage company is willing to give him a 5-year contract plan at a 10% interest rate...

Extracted text: Peter wants to buy a house in Edmonds that costs $400,000. He plans to pay $100,000 as a downpayment. The mortgage company is willing to give him a 5-year contract plan at a 10% interest rate compounded monthly. The mortgage will be pay off over 10 years period. i. What are Peter's monthly payments? ii. What are the remaining payments after 5 years term of the mortgage plan? #### Please explain it in calculation with formulas, not tables.