A Calculate the lenders effective yield for the following loan: Loan Assumptions: . Loan Amount: $90,000 Interest Rate: 8% Amortization Period: 30 Years Payments Per Year: 12 Discount Points: 3 1. Find the lender's effective yield if the loan is outstanding for the full amortization period of 30 years by using these steps: a. Calculate the periodic payment based on the contract loan amount, nominal interest rate, and full amortization period. What is the payment? $660.39 b. Reduce the PV by the amount of the discount points and solve for I/YR. What is the yield? 2. Calculate the lender's effective yield if the loan is paid off at the end of 20 years by using the following steps: a. Calculate the periodic payment based on the contract loan amount, nominal interest rate, and full amortization period. What is the periodic payment? b. Calculate the balloon payment based on the contract loan amount and nominal interest rate. (Use FV method.) What is balloon payment amount