S Check my work e. Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? f. Assume the loan is fully amortizing except that payments will be "interest only" for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20? g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D e1. Effective rate of interest if fully amortizing e2. Effective rate of interest if partial amortizing e3. Effective rate of interest if interest only e4. Effective rate of interest if negative amortization Required E Required F Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, w of interest for each loan in parts a (1) through a (4)? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Required G % % % % S Check my work e. Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? f. Assume the loan is fully amortizing except that payments will be "interest only" for the first three years (36 months). If the loan is to fully amortize over the remaining 17 years, what must the monthly payments be from year 4 through year 20? g. If this is a negative amortizing loan and the borrower and lender agree that the loan balance of $150,000 will be payable at the end of year 20: (1) How much total interest will be paid from all payments? How much total principal will be paid? (2) What will be the loan balance at the end of year 3? (3) If the loan is repaid at the end of year 3, what will be the effective rate of interest? (4) If the lender charges 4 points to make this loan, what will the effective rate of interest be if the loan is repaid at the end of year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D e1. Effective rate of interest if fully amortizing e2. Effective rate of interest if partial amortizing e3. Effective rate of interest if interest only e4. Effective rate of interest if negative amortization Required E Required F Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, w of interest for each loan in parts a (1) through a (4)? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Required G % % % %
