Q3. Consider a mortgage of $13,500,000 at 6.125%, with a 25-year amortization period and a 10 year term. What is the monthly payment? How much interest will be paid in the 3rd month of this mortgage? How much will be paid to interest in the 3rd year of this mortgage? What is your balance at the end of year 10 (after making the scheduled monthly payment)? If the bank charges 2.5 points to obtain this loan, and it is repaid after 10 years, what yield will the bank earn (as an APR)? If the borrower pays $85,000 in other fees to close this loan, what is the cost to the borrower (as an APR) for this loan, assuming it is kept for 10 years? Q3. Consider a mortgage of $13,500,000 at 6.125%, with a 25-year amortization period and a 10 year term. What is the monthly payment? How much interest will be paid in the 3rd month of this mortgage? How much will be paid to interest in the 3rd year of this mortgage? What is your balance at the end of year 10 (after making the scheduled monthly payment)? If the bank charges 2.5 points to obtain this loan, and it is repaid after 10 years, what yield will the bank earn (as an APR)? If the borrower pays $85,000 in other fees to close this loan, what is the cost to the borrower (as an APR) for this loan, assuming it is kept for 10 years