QUESTION 5 Suppose XYZ Bank Ltd has made 100 identical mortgage loans today. Each loan is for $1,400,000.00 to be repaid each month over the next 30 years. The interest rate on each loan is 10% per annum nominal. (a) What are the expected monthly cashflows to the bank from making this loan (assuming no prepayments)? [ Select ] ["None of the other answers is correct", "12,286.00", "1,237,591.23", "1,228,600.20", "1,232,657.64"] (b) What is the total dollar amount of interest the bank expects to receive from making this loan? [ Select ] ["303,756,750.03", "305,532,842.66", "302,296,071.32", "1,547,972,303.29", "None of the other answers is correct"] (c) What is the loan outstanding at t=5 (i.e. five years after the loans were originated)? [ Select ] ["82,175,478.29", "134,803,981.41", "66,283,988.11", "135,204,048.65", "None of the other answers is correct"] (d) Suppose that five years from now, interest rates fall to 9.75% 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 ] ["1,204,853.87", "1,166,878.52", "1,213,875.90", "1,161,611.55", "None of the other answers is correct"] (e) What is the dollar amount that borrowers save (in total) as a result of re-financing the loan? [ Select ] ["20,096,594.65", "7,114,599.53", "7,123,897.81", "None of the other answers is correct", "21,213,813.88"]