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3. A partially amortized loan has been negotiated for $140,000 with terms 3.96%, 30 years (monthly compounding). Part a and b are separate questions. a.

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3. A partially amortized loan has been negotiated for $140,000 with terms 3.96%, 30 years (monthly compounding). Part a and b are separate questions. a. Set the LB at $110,000 calculate the MP with a holding period of 14 years. b. The MP has been set at $600. Calculate the LB after 14 years have lapsed (Balloon payment)

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