3.) Price Level Adjusted Mortgage [25 points] - Create an amortization schedule to answer the following questions for a $750,000 15-year PLAM loan that is fully-amortizing. The contract interest rate is 3.50% with monthly payments. The inflation rate is 7% for the first 5 years, 6% for years 6 to 10, and 5% for the final 5 years. There are no upfront origination fees, points, or pre-payment penalties. a) What is the EIR if held to maturity based on the given inflation rates? b) Assuming no upfront fees/points or prepayment penalty, what is the EIR if the mortgage is prepaid in full at the end of year 8? Assume you must pay the unadjusted mortgage balance when prepaying. c) Assuming 1 point in origination fees and a 2% prepayment penalty, what is the EIR if the mortgage is prepaid in full at the end of year 8? Assume you must pay the unadjusted mortgage balance when prepaying. 3.) Price Level Adjusted Mortgage [25 points] - Create an amortization schedule to answer the following questions for a $750,000 15-year PLAM loan that is fully-amortizing. The contract interest rate is 3.50% with monthly payments. The inflation rate is 7% for the first 5 years, 6% for years 6 to 10, and 5% for the final 5 years. There are no upfront origination fees, points, or pre-payment penalties. a) What is the EIR if held to maturity based on the given inflation rates? b) Assuming no upfront fees/points or prepayment penalty, what is the EIR if the mortgage is prepaid in full at the end of year 8? Assume you must pay the unadjusted mortgage balance when prepaying. c) Assuming 1 point in origination fees and a 2% prepayment penalty, what is the EIR if the mortgage is prepaid in full at the end of year 8? Assume you must pay the unadjusted mortgage balance when prepaying