Question Thregbil lann John wants to buy a property for USD 105,000 and wants on 80% loan for USD84,000. A lender indicates that a fully amortising loan can be obtained for:30 years at 8% interest payable monthly. Howcver a loan origination-fce of USD3,500 will also be necessary for John to obtain the loan. Required: a) Ifow much will the lender actually distribute b) Whas the effective interest rate for the borrower assuming the mortgage is paid off efter 50 yeais