Mortgages: 1. A mortgage loan in the amount of $100,000 is made at 12% interest for 20 years. Payments are to be monthly in each part of this problem: A. What will monthly payments be if: i. The loan is fully amortizing? li. It is partially amortizing and a balloon payment of $50,000 is scheduled at the end of year 20? ii. It is a "non-amortizing" or interest only loan? B. What will the loan balance be at the end of year 5 in (), (ii) and (i)? (5 points) C. Assume the lender charges 3 points to close the loan in A (i). What is the APR? D. Assume all conditions in 1 except that payments will be interest only for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what will the monthly payments be from year 4 through maturity