Question: Thank you in advance for your help. : ) A partially amortizing loan for $109,000 for 10 years is made at 6 percent interest. The

Thank you in advance for your help. : )

A partially amortizing loan for $109,000 for 10 years is made at 6 percent interest. The lender and borrower agree that payments will be monthly and that a balance of $20,500 will remain and be repaid at the end of year 10 . Required: a. Assuming 3 points are charged by the lender, what will be the yield if the loan is repaid at the end of year 10 ? b. What must the loan balance be if it is repaid after year 4 ? c. What will be the yleld to the lender if the loan is repaid at the end of year 4 ? Note: For all requirements, do not round intermediate calculations, round your final answers to 2 decimal places

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