What will the loan balance be at the end of year 5 if the, Financial Management

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What will the loan balance be at the end of year 5 if the

A mortgage loan in the amount of $100,000 is made at 12 percent interest for 20 years. Payments are to be monthly.

1) What will the loan balance be at the end of year 5 if the loan is fully amortizing?

2) Assume that the lender charges 3 points to close the loan. What would the APR be if it is a negative amortizing loan and the loan balance will be $150,000 at the end of year 20?

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Financial Management: What will the loan balance be at the end of year 5 if the

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Financial Management: What will the loan balance be at the end of year 5 if the

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