Problem 2: (5 points) A partially amortizing mortgage loan is made for $80,000 for 15 years. The interest rate is 6 percent per year compounding monthly. The borrower and lender agree that a balance of $30,000 will remain and be repaid as a lump sum at the end of 15 years. Payments are to be made monthly. Please finish the following specific STEPS where you calculate the outstanding loan balance if the loan is repaid at the end of month 2.(0.5 points) Please use sentences to explain the rationale. (2 points) I will put the following inputs in the calculator, N- PMT-( Compute PV-( Part 2. Please finish the following specific STEPS where you calculate the outstanding loan balance if the loan is repaid at the end of month 8. (0.5 points) Please use sentences to explain the rationale. (2 points) PV=( ) N= PMT= (- ) Compute FV = ( Problem 2: (5 points) A partially amortizing mortgage loan is made for $80,000 for 15 years. The interest rate is 6 percent per year compounding monthly. The borrower and lender agree that a balance of $30,000 will remain and be repaid as a lump sum at the end of 15 years. Payments are to be made monthly. Please finish the following specific STEPS where you calculate the outstanding loan balance if the loan is repaid at the end of month 2.(0.5 points) Please use sentences to explain the rationale. (2 points) I will put the following inputs in the calculator, N- PMT-( Compute PV-( Part 2. Please finish the following specific STEPS where you calculate the outstanding loan balance if the loan is repaid at the end of month 8. (0.5 points) Please use sentences to explain the rationale. (2 points) PV=( ) N= PMT= (- ) Compute FV = (