1 Ann got a 10 year Fixed Rate Mortgage for $100,000. The loan has constant annual payments and an annual interest rate of 5%. There are no closing costs. Suppose Ann prepays the loan in year 4. Write the NPV of Ann's Mortgage (from Ann's perspective) for an annual discount ratek in each of the following cases. Note: the answer must take the form NPV (k) =CF0+ Note: only include one cash-flow for each time period 1a Fully Amortizing CF CF2 + + (1+k) 1b Partially Amortizing where the final balance is B10=$50,000 1c Interest Only 1d Negatively Amortizing where the payment is PMT = $1,000 1e Negatively Amortizing where the payment is PMT=$0 2 Compute the IRR for each loan above CF 3 + CFA (1+k2 (1+k (1+k 14 2a 2b 222222 2c 2d 2e