Instruction: Answer all questions and shows your workings for each question. Question 1: Given the following information on a fixed-rate fully amortizing loan, determine the maximum amount that the lender will be willing to provide to the borrower. Loan Term: 30 years, Monthly Payment: $800, Interest Rate: 6% per year. Question 2: Given the following information on a fully amortized fixed level payment, calculate the monthly mortgage payment. Mortgage loan amount: $560,000, Term: 15 years, Interest Rate: 7.5% per year. Question 3: Given the following information about a fully amortizing loan, calculate the lender's yield. Loan amount: $166,950, Term: 30 years, Interest rate: 8 %, Monthly Payment: $1,225.00, Discount points: 2. Question 4: You have taken out a $300,000, 5/1 ARM. The initial rate of 5.4% (annual) is locked in for 5 years. Calculate the payment after recasting the loan (i.e., after the reset) assuming the interest rate after the initial lock period is 8.0%. (Note: the term for this mortgage loan is 30 years)