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A fully amortizing CAM loan is made for $ 1 3 1 , 0 0 0 at 6 percent interest for 2 0 years. Required:

A fully amortizing CAM loan is made for $131,000 at 6 percent interest for 20 years.
Required:
a. What will be the payments and balances for the first six months?
b. What would payments be for a CPM loan?
c. If both loans were repaid at the end of year 5, would the lender earn a higher rate of interest on either loan?
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