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Answer the following questions based on the scenario provided. Scenario A lender has offered to finance your asset with a $15MM loan at an interest
Answer the following questions based on the scenario provided.
Scenario
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 mortgage (loan) constant when amortization begins in year 3? Provide your answer to the ten-thousandths.
Group of answer choices
A) .7522784%
B) 2.12792%
C) 7.25983%
D) 5.49687%
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