Chapter 4 rtizing mortgage loan is made for $100,000 at 6 percent interest for 30 years. Determine payments for each a. Monthly b. Quarterly. of the periods a-d below if interest is accured: V. Regarding the previous Problem, how much total interest and principal would be paid over entire 30-year life of the mortgage in each case A fully amortizing mortgage loan is made for $100,000 at 6 percent in Assume the loan terest for 20 years. is repaid at the end of 8 years. What will be the outstanding balance? Loan A is available for $75,000 at 6 percent interest for 30 years, with 6 points to be included in closing costs What is the effective interest rate for the borrower, assuming that the mortgage is paid off after 30 years (full term)