A homeowner borrows $100,000 on a mortgage loan, and the loan is to be repaid in three equal payments at the end of each of the next 3 years. The interest rate is 5%. a. What will be the annual loan payment? (5 points) N= PV= I/Y= % FV= PMT= b. Draw the amortization schedule table. (7 points) Beginning Principal Ending Period balance Payment Interest Repaymentbalance 1 100000 N 3 0 c. If the loan will be fully amortized over 8 years, and the nominal interest rate will be 6% with interest paid monthly. What will be the monthly loan payment? (4 points) PV= N= I= % PMT=