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Question 5 (7 points) MMS Corp borrows $1,650,000 today for a new building. The loan is an equal principal payment loan with an APR of

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Question 5 (7 points) MMS Corp borrows $1,650,000 today for a new building. The loan is an equal principal payment loan with an APR of 6.5% compounded monthly. Payments are due monthly and the term of the loan is 9 years. The current portion of debt in month 16 is closest to: $293,750 $288,560 $183,333 $242,639

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