Please help with #5

1. A lender is offering you a $150,000 30-year Fixed-Rate Mortgage (FRM) at 4.82% What is your monthly payment over the life of the loan? PV-1 50,000 t-30. 12-360 1-4.82/1 2-0.496 FV:0 Monthly PMNT-$787 2.You decide to originate the loan in Problem #1, but move at the end of 10 years. What is the remaining balance you owe the bank given the due-on-sale clause? Using amortization function; after 10 years (120 months) Balance amount of KRM is $121,271.12 3.You decide to originate the loan in Problem #1. How much interest on the loan will you pay during the loan's first 12 payments? 4. For originating the loan in Problem #1, you agree to pay the lender 1.5 points. A.) How much in origination fees do you owe the lender? 1.5 points is 0.015% of loan amount S22.50 0 015/100 150 000-$22.50 Annual Percentage Rate is 48.2% B.) What is the Annual Percentage Rate (APR) of the loan? C.) What is your effective borrowing cost (EBC) if you plan to move in 8 years? pro tip: enter variables to solve for PMT like #1 again (nght now your cale is stonng #s from prob B)