Question: 4. A borrower has a fully amortizing loan for $80k, 6% interest rate with a 25-year amortization schedule/term and monthly payments. Calculate (SHOW ALL MATH):

4. A borrower has a fully amortizing loan for $80k, 6%

4. A borrower has a fully amortizing loan for $80k, 6% interest rate with a 25-year amortization schedule/term and monthly payments. Calculate (SHOW ALL MATH): 1. Monthly payments 2. Interest and principal payments in month 1 3. Total interest and principal over 25 years. 4. The outstanding loan balance if the loan is repaid at the end of year 10

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