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You are buying a $162,000 house with a 20% down payment and a fixed-rate mortgage for the remainder at 8.75% for 30 years with monthly payments. What is the balance or amount outstanding on the loan at the end of the fourth year? $125,333.08 $156,666.39 $125,061.51 $156,326.89 In the previous problem, which statement best describes the internal rate of return (IRR) of the investment? The IRR is greater than 14% The IRR is less than 14% The IRR may be less than or greater than 14% The IRR is zero