Question 3 (3 points) Which statement is true ab turity: The about Weighted Average Life and A. In a positive amortizati erage Life and Weighted Average Ma- B. WALIS WAL is always strictly shorter than Hortization loan, WAL is longer than is longer than WAM C. WAL is always the same as WAN Fictly shorter than WAM D. WAL is always strictly longer than E. In an interest only wietly longer than WAM WAL and WAM are the same Question 4 (3 points) Which of the following mortgages A. Fully amortizing 30 year FR B. Fully amortizing 25 year FRI wing mortgages will have the largest monthly payment? ang 30 year FRM, annual i=3%, mortgage amount $200,000 amortizing 25 year FRM. annual i 4% mortgage amount $200,000 muy amortizing 30 year FRM, annual i=2%, mortgage amount $200,000 -- Fully amortizing 30 year FRM, annual i=4%, mortgage amount $200,000 30 year FRM, annual 1-3%, mortgage amount $200,000 with a balloon pays ment of $20,000 at the end of the loan