Given the following information, calculate the interest only payment on this commercial loan. 5/1 I/O ARM, Loan amount: $2,984,000, Interest rate: 4.5%, Term: 30 years. First year, annual and lifetime cap: 5%.Index: LIBOR.Margin: 2.5%

A.$15,119

B.$11,290

C.$11,190

D.$15,190

Given the information in above question, calculate the principal and interest payment in year 6 assuming the LIBOR is at 8% when the rate adjusts and the loan has been paid down by $500,000. Note, calculate the payment based on the remaining 25 years.

A.$18,226.71

B.$22,722.12

C.$21,702.63

D.$26,071.11