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11. What is the draw (payment to the borrower) in a RAM for $200,000 at 4% interest and a maturity of 10 years? Loan Amount

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11. What is the draw (payment to the borrower) in a RAM for $200,000 at 4% interest and a maturity of 10 years? Loan Amount $200,000 Answer Periods Per Year 12 Interest Rate 4% Years to Maturity 10 12. What is the balance on the loan in the previous question 2 years after the original 10- year period ends? (assume the borrower stays in the house for 12 years after origination) (use the FV function) Loan Amount $200,000 Answer Periods Per Year 12 Interest Rate 4% Years After Original Maturity 2

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