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TFC borrows $10 million for 10 years at an interest rate of 6.750%. They will repay the loan with monthly payments of interest only, but

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TFC borrows $10 million for 10 years at an interest rate of 6.750%. They will repay the loan with monthly payments of interest only, but they will also make monthly deposits of $67,152.72 (at the end of each month) into a sinking fund that pays i(2)%. What is i(2)? a. 4.250% b. 4.375% C. 4.300% d. 4.400% e. 4.325% Certainty : C=1 (Unsure: 67%) C=3 (Quite sure: >80%)

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