Question: Answer the questions below. Show all work. Loan Amount: $ 1 0 , 0 0 0 , 0 0 0 . 0 0 Interest Rate:

Answer the questions below. Show all work.
Loan Amount: $10,000,000.00
Interest Rate:6-3/4%
Amortization:30 years
Term:10 years
1. Assume the above loan is interest only for the first three (3) years.
a. What is the Annual Debt Service (ADS) in the first year?

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