A $27.0 million mortgage loan from Bank of America fully amortizing over twenty five years at a fixed annual interest rate 6.75% with equal monthly payments and a 1% prepayment penalty has been seasoned for seven years. How much will the borrower have to pay to the lender to pay off the loan at the end of the seventh year? $23,290,179 $0 $23,523,081 $27,000,000

A $27.0 million mortgage loan from Bank of America fully amortizing over twenty five years at a fixed annual interest rate 6.75% with equal monthly payments and a 1% prepayment penalty has been seasoned for seven years. How much will the borrower have to pay to the lender to pay off the loan at the end of the seventh year? $23,290,179 $0 $23,523,081 $27,000,000

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