Suppose XYZ Bank Ltd has made 100 identical mortgage loans today. Each loan is for $1,500,000.00 to be repaid each month over the next 30 years. The interest rate on each loan is 10.5% per annum nominal. (a) What are the expected monthly cashflows to the bank from making this loan (assuming no prepayments)?

[ Select ] ["1,372,108.94", "None of the other answers is correct", "13,721.09", "1,376,387.28", "1,381,606.02"] (b) What is the total dollar amount of interest the bank expects to receive from making this loan?

[ Select ] ["345,499,419.77", "1,897,177,869.60", "None of the other answers is correct", "343,959,219.03", "347,378,166.88"] (c) What is the loan outstanding at t=5 (i.e. five years after the loans were originated)?

[ Select ] ["145,322,551.18", "None of the other answers is correct", "86,162,868.65", "144,886,575.02", "67,673,463.50"] (d) Suppose that five years from now, interest rates fall to 10.25% 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 ] ["1,302,237.26", "1,307,574.51", "None of the other answers is correct", "1,355,804.00", "1,346,243.82"] (e) What is the dollar amount that borrowers save (in total) as a result of re-financing the loan?

[ Select ] ["7,759,536.83", "None of the other answers is correct", "20,961,503.10", "7,740,608.98", "22,209,451.30"]