A fully amonizing mortgage loan is made for $100.000 percent interest Required Calculate the monthly payment for a CPM loan What will the total of payments be for the entre 20 year period of this total, how much will be the interest? Assume the loans repeld at the end of eight years. Whawa be the outstanding balance? How much total interest will have been collected by the a. The borrower now chooses to reduce the loan balance by $5.000 at the end of year 8 What will be the new loan maturity assuming that loan payments are not reduced Asume the loan matury w not be reduced What will the new payments be! Complete this question by entering your answers in the tabs below. Cele moment for a cand your firulan to 2 decimales Required A Required B Required c Required D What will the total of payments be for the entire 20-year period of this total, how much will be the Interest? (Do not round Intermediate calculations. Round your final answers to 2 decimal places) Total payment Total interest Required A Required B Reguided Required D Assume the loan is repaid at the end of eight years. What will be the outstanding balance? How much total interest will have been collected by then? (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Outstanding loan balance Total interest collected Required A Required B Required Required D d. The borrower now chooses to reduce the loan balance by $5,000 at the end of year 8. (1) What will be the new loan maturity assuming that loan payments are not reduced? (Round your answer up to the nearest whole number.) (2) Assume the loan maturity will not be redu 1. What will the new payments be? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Show less New loan maturity New monthly payment months