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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 monthly amortization payment after the I/O period expires?

What is the monthly amortization payment after the I/O period expires?

A) $218,763.41

B) $250,000.00

C) $118,421.00

D) $112,841.76

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