You are a commercial lender. Your average loan has an outstanding balance of $$10,000,000$ and the average interest rate is $10\mathrm{.}0\%.$ Your average cost of funds on each loan is $7\mathrm{.}0\%,$ giving you a net interest margin of $3\mathrm{.}0\%.$ You have just been made aware that one of your commercial lending clients is in big trouble and the company is going out of business. This company owes you $$10,000,000.$ The situation is especially dire and it is likely that you are going to have to charge off the entire loan balance.

How many performing loans will it take you on average to earn back or recoup this amount of money? Please explain in detail and show some calculations.You are a commercial lender. Your average loan has an outstanding balance of $$10,000,000$ and the average interest rate is $10\mathrm{.}0\%.$ Your average cost of funds on each loan is $7\mathrm{.}0\%,$ giving you a net interest margin of $3\mathrm{.}0\%.$ You have just been made aware that one of your commercial lending clients is in big trouble and the company is going out of business. This company owes you $$10,000,000.$ The situation is especially dire and it is likely that you are going to have to charge off the entire loan balance.

How many performing loans will it take you on average to earn back or recoup this amount of money? Please explain in detail and show some calculations.