Question 3a (18 marks) Suppose you want to borrow $10m from Bank A for a commercial property and you can make a balloon payment of $12m. The fixed interest rate is 4% for this 10 years mortgage. i) What is the name of this mortgage loan? (2 marks) ii) What is the monthly payment? (6 marks) iii) Suppose you plan to fully pay off the above mortgage loan right after you have made repayments for 4 years. What is the loan balance? (7 marks) iv) What is the principal paid right after you have made repayments for 8 years? (3 marks) Question 3b (10 marks) A reverse mortgage is made with a balance of $1m on a property now valued at $2m. The loan calls for monthly payments to be made to the borrower for 240 months at a fixed interest rate of 5%. i) What is the loan-to-value (LTV) ratio? (2 marks) What is the monthly payment? (5 marks) iii) What is the total amount of interests paid