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6. Calculate the net cash flow for each month for the following cash flows on a loan from two perspectives: (a) the borrower and (b)
6. Calculate the net cash flow for each month for the following cash flows on a loan from two perspectives: (a) the borrower and (b) the bank. MONTH Amount of Money Purpose January $1000 Borrowed $1000 for 6 months from bank February 100 Paid interest on loan balance to bank March 100 Paid interest on load balance to bank April 100 Paid interest on load balance to bank April 500 Borrowed an additional $500 for 3 months 150 Paid interest on both loan balances to bank June 150 Paid interest on both loan balances to bank July 150 Paid interest on both loan balances to bank July 1500 Repaid principal on both loans to bank May
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