QUESTION 1 A loan was made 5 years ago with monthly payments for $376770 at 4% for a 21 year term. Rates are currently 9%. What is the market value of the loan? Hint: solve based on monthly compounding/discounting. QUESTION 2 A borrower takes out a 27-year adjustable rate mortgage loan for $405329 with monthly payments. The first two years of the loan have a "teaser" rate of 4%; after that, the rate can reset with a 2% annual rate cap. On the reset date, the composite rate is 5%. What would the Year 3 monthly payment be? QUESTION 3 A loan was made 9 years ago with monthly payments for $206279 at 7% for a 29 year term. Rates are currently 3%. What is the market value of the loan? Hint: monthly compounding/discounting. QUESTION 4 1 points 1 points 1 points 1 points Save Answer Save Answer Save Answer Save Answer

solf using a financial calculator. Preferebly a BA II Plus

A loan was made 5 years ago with monthly payments for $376770 at 4% for a 21 year term. Rates are currently 9%. What is the marcet value of the loan? Hint: solve based on monthly compounding/discounting. QUESTION 2 A borrower takes out a 27 -year adjustable rate mongage loan for $405329 with monthly payments. The fint two yoars of the loan have a "teaser' rate of 4\%; after that, the rate can reset with a 2% annual rafe cap On the reopt date, the composite rate is 5%. What would the Year 3 monthly payment be? QUESTION 3 A loan was made 9 years ago with monthly payments for $206279 at 7% for a 29 year ferm. Rates are curenty 3%. What is the maknd value of the loan? Hint: monthly compounding/discounting