A mortgage loan in the amount of $100,000 is made at 12 percent interest for 20 years. Payments are to be monthly in each part of this problem. 1. What will monthly payments be if The loan is fully amortizing? (0.5%) 2. What will the loan balance be at the end of year 5 (0.5%. ) 3. What would be the interest portion of the payment scheduled for payment at the end of the 2nd month (0.5%. ) 4. If the loan is prepaid at the end of year 5, what will be the effective rate of interest (0.5/.) 5. Assume conditions in a (1) except that payments will be "interest only" for the first 3 years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20 (1/)

A mortgage loan in the amount of $100,000 is made at 12 percent interest for 20 years. Payments are to be monthly in each part of this problem. 1. What will monthly payments be if The loan is fully amortizing?(0.5\%) 2. What will the loan balance be at the end of year 5(0.5%. 3. What would be the interest portion of the payment scheduled for payment at the end of the 22 month (0.5% ) 4. If the loan is prepaid at the end of year 5 , what will be the effective rate of interest (0.5/.) 5. Assume conditions in a (I) except that payments will be "interest only" for the first 3 years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20 (I/.)