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Creataive Financing question

  • Creative Structuring

    Creataive Financing question

    Posted by Karen Flower on April 18, 2023 at 8:52 am

    Ericka, Bill gave an example for Terms for a Bank. He offered $37,500 for a trailer. Offering to a put down payment of $3,750. the Terms were 60 payments of $306.00 with 7.0% interest. If you multiply 60x$306.00 it equals $18,360 Where does the interest come into play and how does this add up to $37,500?

    Francisco Rivera replied 1 year ago 2 Members · 1 Reply
  • 1 Reply

  • Francisco Rivera

    Member
    April 19, 2023 at 11:39 am

    I’m assuming a balloon payment

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0 of 0 replies June 2018
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