16 given the information in question 15 calculate the principal and in
Question
16. Given the information in question #15, calculate the principal and interest payment in year 6 assuming the LIBOR is at 8% when the rate adjusts and the loan has
been paid down by $500,000. Note, calculate the pavement based on the remaining 25 years. .$18,226.71 $22,722.12 C. $21,702.63 $26,071.11