Question 8 Homework . Unanswered if you lend $1,000 to a friend for 3 years at an Interest rate of 3%, how much will she owe you as balloon payment at the end? This is a balloon loan with all payment at the end of the loan's term. Round to the nearest dollar. Type your numeric answer and submit Unanswered. 3 attempts left Submit Question 9 Homework - Unanswered o If you take out an amortized loan of $8,000 for 6 years at an interest rate of 6%, what are the annual payments you'd have to make to pay it off? Round to the nearest dollar Type your numeric answer and submit Question 10 Homework Unanswered Suppose you are buying a $250,000 house. You will make a 20% down payment and take out a mortgage for the rest. A mortgage lender offers a 3.5% fixed rate loan for 30 years. If you go with this loan, how much will your monthly payments be? Round to the nearest dollar. (Hint: This is an amortized loan with monthly payments. Since down payment is 20%, the mortgage principal is 80% of the cost of the house) Type your numeric answer and submit