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3. A partially amortized loan has been negotiated for $300,000 with terms 6.6%, 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 $300,000 with terms 6.6%, 30 years (monthly compounding). Part a and b are separate questions. a. Set the LB at $250,000 calculate the MP with a holding period of 12 years. b. The MP has been set at $1,500. Calculate the LB after 12 years have lapsed (Balloon payment)

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