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Loan with Draw Amounts
I have a question about a loan with draws.
I want to borrow $100,000 with four draws of $25K at 3 month intervals ($25k now, $25K more in 90 days etc.). The interest rate is 6%. Repayment starts in 12 months. It is repayable over 5 years. I can't find any loan calculators that will help me with this. Any thoughts would be greatly appreciated. Sincerely, huber57 |
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