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Loan amount: $4,800,000 Interest Rate: 2.75% Term: 10 years Amortization: 20 years What is the balloon payment at the end of the term? O $2,924,047.13

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Loan amount: $4,800,000 Interest Rate: 2.75% Term: 10 years Amortization: 20 years What is the balloon payment at the end of the term? O $2,924,047.13 O $2,427,513.68 O None of these are correct O $2,727,565.41 O $4,443,940.75 How much total interest will be paid during the term of this loan? O None of these are correct O $1,567,685.23 $1,127,396.60 O $2,924,047.07 O $1,050,443.34 Loan amount: $4,800,000 Interest Rate: 2.75% Term: 10 years Amortization: 20 years What is the balloon payment at the end of the term? O $2,924,047.13 O $2,427,513.68 O None of these are correct O $2,727,565.41 O $4,443,940.75 How much total interest will be paid during the term of this loan? O None of these are correct O $1,567,685.23 $1,127,396.60 O $2,924,047.07 O $1,050,443.34

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