Bottom three options are either increase or decrease

You will start by constructing an amortization schedule. Your dream is finally coming true! You've saved and saved and are about to become a homeowner! After a conversation with your banker, you've agreed to a 20% down payment on your $182,188 home. To keep this problem and your calculations relatively brief, assume that the bank has offered you a mortgage loan for $145,750 that carries a 6% interest rate, semiannual payments of $26,905, and a 3-year term. Remember, the process is the same when you are preparing for either 6 semiannual payments of nearly $27,000 or 360 monthly payments of $873.85 for a 30-year conventional mortgage. Complete the following loan amortization table by entering the correct answers. Notes: 1. As all values are denominated in U.S. dollars, you do not have to enter any dollar signs. 2. Round all interest payments down to the nearest whole dollar. 3. Rounding creates a situation in which the numbers in the loan's final payment are often unequal. Notice in this problem, the ending balance for payment 6 is -$2. Therefore, your final payment would actually be reduced by $2 to $26,903. In the real world, to prevent over paying, you should call the lender to learn the actual amount due. Beginning Amount Repayment of Principal Ending Balance Payment Payment Interest Total: 161,430 The total of the Interest column indicates the amount of interest expected to be paid over the life of the loan, and the sum of the Payment column details the total paid ($161,430) to purchase your $145,750 home. This is an amortized loan, because its payments contain: O only accrued interest Only the principal that must be repaid Both interest and principal The monthly payment in the loan here is influenced by 3 variables: the amount borrowed, the loan's interest rate, and the term. What is the nature of the relationship between each of these variables and the size of a loan's payment, everything else assumed to remain constant? the size of the borrower's monthly An increase in the amount borrowed will payment. An increase in the loan's interest rate will payment. An increase in the loan's term will the size of the borrower's monthly the size of the borrower's monthly payment