Part 1: Fully amortized fixed rate mortgage (CPM) 1. Create a monthly amortization schedule for a fully amortized $350K, 15yr, 3.75% fixed rate mortgage. The original loan balance is 80% of the property's value when initiated, and the property is expected to appreciate at a rate of 2.0% annually. 2 2. What is the remaining loan balance at the end of the holding period if the property owner sells the property after 62 months? 3. Illustrate with a well-labeled graph the amount of equity the property owner builds throughout the holding period of the loan. 4. What is the owner equity in the property when the property is sold? 5. What is the NPV and IRR of this investment, if the property owner sells the property after 62 months? 6. What is the APR and EAR of this mortgage, if the property owner pays 2 points? 7. What is the NPV and IRR of this investment, if the property owner pays 2 points & the property owner sells the property after 62 months?