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). 4. Calculate the new monthly payment given a $140,000 loan for 3.96%, 30 years (monthly) with a lump-sum pay down of $25,000 made after 14 years have lapsed. New MP: 5. Calculate the upfront fees that needs to be charged by the lender given a loan for $140,000 with terms 3.96%, 30 years (monthly compounding). The lender wants to earn a 4. 596% yield and assumes a holding period of 14 years. 6. Calculate the total payments and total interest expense for a $140,000 loan with terms 3.96%, 30 years compounded monthly. The loan is assumed to be held to maturity. Total Payments: Loan Amount: Interest Expense