Question
A lender has offered to finance your asset with a $15MM loan at an interest rate of 4.25%. The loan has a 5 year term
A lender has offered to finance your asset with a $15MM loan at an interest rate of 4.25%. The loan has a 5 year term with 2 years of I/O followed by a 15 year amortization.
What is the monthly I/O payment (assuming 30/360 interest daycount)?
A) $52,352.00
B) $55,520.00
C) $53,525.00
D) $53,125.00
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Production And Operations Analysis
Authors: Steven Nahmias
6th Edition
0073377856, 9780073377858
