5. Comstock Construction is buying a factory on a $22 million, 15-year, 5.5% mortgage loan.

A. What will their monthly payments be?

B. What is the amount going to principal in the 77^th month? What is the amount going to interest in the 77^th month? What is the balance after the 77^th month?

C.. Assuming the company keeps the factory the entire 15 years, how much will they have paid in interest over the life of the loan?

D.. If they buy the factory on a 5-year loan at the same interest rate, how much would they save in interest compared to the 15-year loan?