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If not, Argentina may have to dip into its reserves to make the interest payments.
Failure to make the interest payments by March 31 would result in an eventual default.
"Most of the government entities that borrow can't even make the interest payments on the loans," Professor Shih said.
News of the company's inclination to make the interest payment was reported earlier by The Wall Street Journal.
NTL has a 30-day grace period in which to decide whether or not to make the interest payment.
It said that if a final deal were reached and accepted by bondholders, it would make the interest payment by Wednesday.
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contractors have made the interest of their workers a foremost concern".
Detroit said at the time that making the interest payment would have consumed more than 90 percent of its available cash.
The figures do not take into account the costs of the huge investment the energy companies are making, the interest or the tax they are paying".
Once the loan is made, the interest rate fluctuates according to the prime interest rate, which is the rate banks offer their best customers.
It's now a "true jumbo" - ineligible for federal backing - and subject to a higher premium of 0.60 percentage point, making the interest rate 5.35 percent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com