Given Data 

Initial Loan Balance $1,000,000

Interest rate 6%

Number of Periods: 20 years

Frequency of payments : Monthly (12)

(Please show work so steps are clear)

A) How much is owed per month, in other words what is the payment for this loan each month

B) What is the outstanding loan balance at the end of month 60?

C) What is the APR on this mortgage? Assume no closing costs

D) Suppose closing costs are three points and rolled into initial balance. What is the new APR

E) Suppose the borrower took the mortgage with three points rolled into initial balance described in 4 but refinanced after 6 years. What is the New APR under these circumstances.