Assume the following: Loan Amount: Interest rate: Term: $200,000 10 percent annually 30 years, monthly payments 1. What is the monthly payment? 2. What will be the loan balance at the end of ten years? 3. What is the effective borrowing cost on the loan if the lender charges 5 points at origination and the loan goes to maturity? 4. What is the effective borrowing cost on the loan if the lender charges 5 points at origination and the loan is prepaid at the end of year 10