Your bank is willing to finance the acquisition based on the following terms:

Interest rate: 6.5%

Amortization: 25 Years

Payment frequency: Monthly

The bank will determine the loan amount based on the lesser of the following constraints:

Minimum debt service coverage ratio: 1.35

maximum loan to cost: 70%

What is the total loan amount the bank is willing to issue?

A) 6,215,330

B) 6,228,880

C) 6,030,088

D) 6,101,282