What would the balance of the loan be at maturity how much


Answer the questions below. Show all work. Loan Amount: $10,000,000.00 Interest Rate: 6-3/4% Amortization: 30 years Term: 10 years Assume that the amortization is 25 years instead of 30 years (again interest only for the first three years). What would the ADS be in the first year? What would the ADS be in year 5? What would the balance of the loan be at maturity? How much more principal would be paid using a 25 year amortization versus 30 year amortization?

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Financial Management: What would the balance of the loan be at maturity how much
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