• Suppose you take out a $225,000 loan with an interest rate of 4.75% and make monthly payments. If your loan term is 30 years, what will be the outstanding balance at the end of the 10^thyear? At the end of the 20^thyear?
• You would like to purchase Bulldawg Apartments but have not received an offer price. After doing some research, you have come up with an estimated schedule of cash flows shown below (assume you receive the cash flows at the end of the year) and believe you can sell the property at the end of 5 years for $90,000. What ishighestprice you would pay for the investment given your discount rate is 7%? If you can buy the property for $120,000, what is your IRR?

Year 1	$15,000
Year 2	$16,250
Year 3	$13,800
Year 4	$15,750
Year 5	$17,100

• Suppose you take out a $225,000 loan with an interest rate of 4.75% and make monthly payments. If your loan term is 30 years, what will be the outstanding balance at the end of the 10^thyear? At the end of the 20^thyear?