Question: FRM. (Term=30 years, Note Rate = 5.00, Loan Amount = 800,000, Points=2) If the lender charges a prepayment penalty of 2% of the outstanding loan

  1. FRM. (Term=30 years, Note Rate = 5.00, Loan Amount = 800,000, Points=2) If the lender charges a prepayment penalty of 2% of the outstanding loan balance, what will the borrower owe immediately after making the 48th payment if she decides to prepay her loan?
    1. 764,021
  2. FRM. (Term=30 years, Note Rate = 4.25%, Loan Amount = 800,000 Points=2) After 1 year, how much will Julie have paid into principal?
    1. 13686.84
  3. Bullet Loan. (Term=5 years, Note Rate = 4.25%, Loan Amount = 8,000,000, Points=2) What is the balance after the 48th payment?
    1. 8,000,000

Please show how to do it on excel or a financial calculator.

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