1 Ann got a 10 year Fixed Rate Mortgage for $100,000. The loan has constant annual payments and an annual interest rate

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1 Ann Got A 10 Year Fixed Rate Mortgage For 100 000 The Loan Has Constant Annual Payments And An Annual Interest Rate 1 (79.54 KiB) Viewed 33 times

1 Ann got a 10 year Fixed Rate Mortgage for $100,000. The loan has constant annual payments and an annual interest rate of 5%. There are no closing costs. Suppose Ann prepays the loan in year 4. Write the NPV of Ann's Mortgage (from Ann's perspective) for an annual discount rate "kin each of the following cases. CEL Note: the answer must take the form NPVC) Cho thu (+) Note: only include one cash-flow for each time period 1a Fully Amortizing 16 Partially Amortizing where the final balance is Bio $50,000 1c Interest Only id Negatively Amortizing where the payment is PMT - $1.000 1e Negatively Amortizing where the payment is PMT= $0 2 Compute the IRR for each loan above 2a 2b 20 2d 2e