How do you calculate an interest only loan
I want to set up a loan, lets say for 100,000. The payments are interest
only, payable and compounded monthly. the principal of the loan is due on
60 months.
what if i wanted to then amortorize the principal at the end of the 5 year
period for another 3 years after the interest only term. The interest is
compounded daily and payable over 36 months
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thank you so much!
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