15) ACME Bank is making a commercial real estate loan on Jackson Apartments with the following data; purchase price of $20 million, loan to value ratio of 75%, minimum debt service coverage of hl times, interest rate of 5%, cap rate of 7% and 30-year amortization. Which of the following state- ments is false? A) the cash on cash return in year one is 6.67%. B) the balance of the loan at the end of 120 months is $12,201,309. C) the loan yield is 9.33%. D) the debt coverage ratio is 1.45 times. 16) ACME Office Building has the following data: purchase price of $5 million, debt at $4 million, interest only at 5%, cap rate of 6% annual inflation or growth rate of 3% and the due date of the debt is seven years. What is the cash on cash return in year 2? A) 10.0% B) 10.9% C) 6.0% D) 5.2%. 15) ACME Bank is making a commercial real estate loan on Jackson Apartments with the following data; purchase price of $20 million, loan to value ratio of 75%, minimum debt service coverage of hl times, interest rate of 5%, cap rate of 7% and 30-year amortization. Which of the following state- ments is false? A) the cash on cash return in year one is 6.67%. B) the balance of the loan at the end of 120 months is $12,201,309. C) the loan yield is 9.33%. D) the debt coverage ratio is 1.45 times. 16) ACME Office Building has the following data: purchase price of $5 million, debt at $4 million, interest only at 5%, cap rate of 6% annual inflation or growth rate of 3% and the due date of the debt is seven years. What is the cash on cash return in year 2? A) 10.0% B) 10.9% C) 6.0% D) 5.2%