4) On a fully amortized home loan of $95,000 @ 30 years @ 12%, (includes calculations)

a. What is the monthly payment? 5 points

b. What would the constant be? 5 points

c. If it is agreed with the financial institution that there is a balance to be paid at maturity of the loan of $35,000, what will be the payment

monthly? 5 points

d. What would be the constant in that case? 5 points

and. Going back to the original exercise ($95,000 loan @ 30 years @ 12%), if you agree with the bank to pay only $500 per month, what will be the

balance due at the end of the fifth year of the loan? 5 points

F. Going back to the original year ($95,000 loan @ 30 years @ 12%), if after 10 years you decide to sell your property, you must pay the

existing loan. How much will have to be repaid to the lender at the end of the tenth year? 5 points

g. Given the result obtained in Leytra f., what is the percentage of the loan that is still outstanding after 10 years? 5 points