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Calculate the amount of interest deferred if a minimum payment is made in the following Negative Amortizing loan scenaro. Note that the actual interest rate

Calculate the amount of interest deferred if a minimum payment is made in the following Negative Amortizing loan scenaro. Note that the actual interest rate is the fully indexed rate:

Start Rate: 1.95%

Margin: 3%

Index: COFI (4%)

Loan amount: $3,500,000

Term: 30 years

A. $3.587

B. $7567

C. $5674

D. $1289

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