3. Loan amortization table. Build the amortization table for a yearly loan of the following characteristics: Interest, 10%; Time, 6 years; Principal, $100,000. Show the table and explain how it was calculated. 4. Balloon Payment --shortcut way. A couple is thinking about closing on a home plan with the following characteristics: House price, 350000; Downpayment, 10%; Loan rate, 4.20%; Loan term, 30 years. They may move after 20 years, and they are wondering what their loan balance would be like at that time. 1) Calculate the corresponding numbers: a) Principal due b) Total dollars paid c) Principal paid d) Interest paid 2) Explain the numbers to your client