Question: The answer is 3.74%. How do I solve to get this answer? Commercial Loan Underwriting (Value of project 10,000,000, Partially Amortizing Loan Amount = 7,000,000,

The answer is 3.74%. How do I solve to get this answer?

Commercial Loan Underwriting (Value of project 10,000,000, Partially Amortizing Loan Amount = 7,000,000, Interest Rate = 4,25% Amortization Period 25 years, Term 5 years; Points=3, NOI 575,000) What is the cash on cash for this investment? Answers 3.74% 7,000,000

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