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Loan Amount: $10,000,000.00 Interest Rate: 6-3/4% Amortization: 30 years Term: 10 years Assume the above loan is interest only for the first three (3) years.
Loan Amount: $10,000,000.00
Interest Rate: 6-3/4%
Amortization: 30 years
Term: 10 years
- Assume the above loan is interest only for the first three (3) years.
- What is the Annual Debt Service (ADS) in the first year?
- How much interest (cumulative) will have been paid at the end of year 3?
- How much principal will be due at maturity?
- How much interest will have been paid over the 10 year term?
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