Question 34 3.5 pts A buyer has agreed to purchase Mr. Black's property for $128,000., The buyer will utilize debt financing under the following terms: 75 percent loan-to-value ratio 8 percent annual interest 20-year amortization period with monthly payments 20 year loan term What is the outstanding balance on the loan at the end of year five? $39,602 O $80,207 $56,108 O $40,702 $84,025 Question 7 3.5 pts What is the yield to the lender on a $1,000,000 loan at 10 percent with monthly payments over 20 years if 5 points are charged at origination if the loan is paid (without penalty) at the end of the sixth year, rather than held to maturity? 10.00 percent 9.80 percent O 11.64 percent 11.50 percent 11.21 percent Question 9 3.5 pts Mrs. Jones purchased a residential income-producing property during the first month of her current tax year for $60,000. At the time of purchase, the improvement portion was 90 percent of value. Mrs. Jones expects to hold the property for 14 full years. She expects to sell the property at the end of year 14 for $90,000 and the loan balance will be $23,500 (payable at $271 per month including 6.5 percent annual interest). Sales costs are estimated at $7,000. What will be the amount of her capital gain from appreciation at the end of year 14? $50,407 $23,000 $32,593 $54,000 O $59,500