C IAbank makes a 30 year My Amortting FRM for S1A00/00 at an annual interest rate of 4.13% compounded monthly, with monehly payments. What is the market value of this loan after 7 years of payments if the annual interest ' this loan is 10% compounded A) $117417.30 8) ss23 026 17 c) $92.550 17 Prind will 2Abank makes a 30 year Fuly Amortizing FRM for S1,000,000 at an annualinterest rate of 4.3% compounded monthiy, with montMy payments Suppose itation is 2% per year, compounded monthly what is the real value of the 20th payment? A) $3,263.51 8) $4,527.37 D) $4849 A0 3. A 30 year 1/1 ARM has an initial rate of ,as% h,the future the rate wleset to 225 basis points above the LBOR index with no rate caps or floors. I, 1year, at the time of the test reset, te usos%, what wil be the fully indeed rate at the first reset? A) 10.10% B)1.00% C) 3.25% D) 11.10% 2, Ann gets a 30 year 1/3 Fully Amortizing ARM for $1,000,000, with monthly payments and monthly compounding. The wtial rate is 3%", the future, the rate wi" reset to 250 basis points above the uBOR. There are no rate caps or floors. atthe first reset, the UBOR was what is the monthly mortgage payment for the second year? A $3,958.47 $4,21604 $5,943.32 D) $7,585.95 5. Ann gets a 30 year 1/1 Fuly Amortizing ARM for $1,000,000, with monthly payments and monthly compounding. Ann pays $10,000 in closing costs. The initial rate is 2% in the future, the rate will reset to 250 basis points above the LIBOR. There are no rate caps or floors. Suppose at origination the LIBOR was 1%. what is the annualized true APR for the loan? A)250% B) 3,00% C) 3.38% D) 346% 6 Ann got a 15 year Fully Amortizing FRM for $1,000,000 at an annual interest rate of 7% compounded monthly, with monthly payments. After 5 years of payments, Ann can refinance the balance into a 10 year Fully Amortizing FRM at an annual interest rate of 5.25% compounded monthly, with monthly payments. t Ann refinances into this 10 year loan, what will be her monthly savings on her mortgage payment? A) 5523.29 B) $682.53 C $2,765.24 D) $6,223.04