a. What is the payment on a mortgage with an interest rate of 6.25% on $500,000 loan with a 5 year term and 30 year amortization b. What is the balloon amount on this mortgage? c. How much total interest was paid during the term? a. Bought a warehouse $1,000,000. The price appreciates 3% compounded annually and at the end of 10 years, you decide to sell. What is the value of the warehouse? b. You borrow 80% of the value at the time of purchase. The loan has a term of 10 years, with 25-year amortization. The interest rate is 8%. What is the balloon amount at the end of the term? c. The rent from the property is equal to the mortgage payment for the whole term of the loan. What is the return percentage annualized from this transaction