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What is the annual mortgage payment of the following loan? Principal $3,750,000 Interest Rate 4.75% Amortization 20 years Balloon Payment $2,500,000 Loan Term 10 years

What is the annual mortgage payment of the following loan? Principal $3,750,000 Interest Rate 4.75% Amortization 20 years Balloon Payment $2,500,000 Loan Term 10 years A. $290,801 B. $471,815 C. $365,918 D. $178,807 E. None of these

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