i) If you repay this loan after 6 years, what is the effective borrower (expressed as an APR)? i) What is the EBC expressed as an EAR? #3. To buy your dream home you use a 4/16 reset loan that pays interest only (bullet loan) for the first 4 years, followed with a reset payment to amortize over the remaining 16 years. The loan amount is $180,000 at 5.5%, with 2 discount points (to the lender) and $875 in third party closing costs which the borrower must pay. c loc PMT(PV=-120000, N = 4, VYR S-9,FV=180,00 the first 4 years, followed with a reset payment to amortize over the remaining 16 years. The To buy your dream home you use a 4/16 reset loan that pays interest only (bullet toan) for loan amount is $180,000 at 5.5% with 2 discount points (to the lender) and $87s in third Party closing costs which the borrower must pay. a) What net amount does the londer disburse? 180,000 x 0.98=176,400 b) What not amount do you as a borrower receive? 176400-875175,525 c) What is your monthly payment during the first 4 years?' -825.00 d) What is your monthly payment during the remaining 16 years? PMT (N=192, PV=-180,000, INRESS ,F0-0) = 11471-75 e) What is the FTLAPR on this loan? IRR/YR-5-75% Signature: Name (printed): er PV What is your balance 8 years after you take out the loan PMT (N=192, IAR -5.5, PV=-180,000, Freo) 21,411.75 Input 24 amont Bar = 165, 150 le 9) If you repay this loan after 6 years, what is the yield (expressed as an APR) for the lender? IRR/YR = 5.9 h) What is the yield expressed as an EAR? IRR/UR=6.00 1) If you repay this loan after 6 years, what is the effective borrower cost (EBC) to you (expressed as an APR)? j) What is the EBC expressed as an EAR? Signature: Name (printed)