QUESTION 5 Suppose XYZ Bank Ltd has made 100 identical mortgage loans today. Each loan is for $1,600,000.00 to be repaid each month over the next 30 years. The interest rate on each loan is 5.5% per annum nominal. (a) What are the expected monthly cashflows to the bank from making this loan (assuming no prepayments)? [Select] (b) What is the total dollar amount of interest the bank expects to receive from making this loan? [Select] (c) What is the loan outstanding at t=5 (i.e. five years after the loans were originated)? [Select] (d) Suppose that five years from now, interest rates fall to 5.25% pa nominal. Assume that borrowers then refinance their original loans by taking out a new loan over a 25-year period. What is the monthly repayment for the new loan? [Select] (e) What is the dollar amount that borrowers save (in total) as a result of re-financing the loan? [Select]