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  3. a mortgage loan in the amount of $100,000 is made

A mortgage loan in the amount of $100,000 is made at 6 percent interest for...

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Accounting

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A mortgage loan in the amount of $100,000 is made at 6 percent interest for 20 years. Payments are to be monthly in each part of this problem. Required: a. What will monthly payments be if (1) The loan is fully amortizing? (2) It is partially amortizing and a balloon payment of $50,000 is scheduled at the end of year 20? (3) It is a nonamortizing, or "interest-only" loan? (4) It is a negative amortizing loan and the loan balance will be $150,000 at the end of year 20? b. What will the loan balance be at the end of year 5 under parts a mi through a (4)? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What will the loan balance be at the end of year 5 under parts a (1) through a (4)? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. b1. Loan balance if fully amortizing b2 Loan balance if partial amortizing b3 Loan balance if interest only b4. Loan balance if negative amortization

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