a$.$ Create the amortization speadsheet for a $$10,000,000$ fixed$-$rate commerical mortgage loan. The loan

has $30-$year amortization with a $10-$year balloon. The interest rate is $3\mathrm{.}55\%$ on an $\frac{30}{360}$ basis.

Assume the property is purchased for $$16,000,000.$

b$.$ What is the difference between interest on an actual$/360$ basis vs$.$ interest on a $\frac{30}{360}$ basis? Which type of interest is more valuable for the lender?