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Problem 4-21 A mortgage loan in the amount of $100,000 is made at 6 percent interest for 20 years. Payments are to be monthly in each part of this problem Required A Required B Required C Required E Required F Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Required D e1. Effective rate of interest if fully amortizing e2. Effective rate of interest if partial amortizing e3 Effective rate of interest if interest only e4 Effective rate of interest if negative amortization Problem 4-21 A mortgage loan in the amount of $100,000 is made at 6 percent interest for 20 years. Payments are to be monthly in each part of this problem Required A Required B Required C Required E Required F Assuming that 3 points are paid at closing and the 20-year loan is prepaid at the end of year 5, what will be the effective rate of interest for each loan in parts a (1) through a (4)? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Required D e1. Effective rate of interest if fully amortizing e2. Effective rate of interest if partial amortizing e3 Effective rate of interest if interest only e4 Effective rate of interest if negative amortization

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