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Assume you borrow from the bank $5,000,000. Assume you make quarterly payments. Further assume that the stated coupon rate is 9% per annum and the

Assume you borrow from the bank $5,000,000. Assume you make quarterly payments. Further assume that the stated coupon rate is 9% per annum and the loan matures in 12 years. Determine the interest and principal payment for year 5.

Assume you borrow from the bank $5,000,000. Assume you make quarterly payments. Further assume that the stated coupon rate is 9% per annum and the loan matures in 12 years. You also make a balloon payment of $1,000,000 in the last quarter. Determine the interest and principal payment for year 5.

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