Suppose we wish to borrow $$10$ million for $3$ months, and that the quoted Eurodollar futures price is $94\mathrm{.}80.$ If the interest rate on the loan is based on the $3-$month LIBOR rate, what will we pay to repay the loan $($that is$,$ the total amount we need to repay including principal and interest based on LIBOR$)?$

Question $16$ options:

$$10,160,000\mathrm{.}00$

$$10,130,000\mathrm{.}00$

$$10,115,000\mathrm{.}00$

$$10,640,000\mathrm{.}00$

$$10,520,000\mathrm{.}00$