9. Ann wants to buy an office building which costs $1,000,000. She obtains a 30 year partially amortizing fixed rate mortgage with 100% LTV, an annual interest rate of 7%, with monthly compounding and monthly payments. The payment on the loan is $6,000 per month. Ann has a balloon payment due 5 years after she gets the loan. If Ann pays the required monthly payment for 5 years, how much is her balloon payment? 10. Ann wants to buy an office building which costs $1,000,000. She obtains a 10 year fully amortizing fixed rate mortgage with 70% LTV, an annual interest rate of 5%, with annual payments. The mortgage has a 3% prepayment penalty if the borrower prepays in the first 3 years. Suppose Ann makes the required payment for the first year and prepays immediately after that What is the IRR on Ann's mortgage