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Date Principals APR Term (months) Months in 24' 09/30/23 $850,000 6.45% 11.0 11/01/23 $1,000,000 7.05% 9.0 04/01/24 $1,250,000 7.15% 8.0 08/15/24 $1,850,000 7.45% 5.0 Can
Date | Principals | APR | Term (months) | Months in 24' |
09/30/23 | $850,000 | 6.45% | 11.0 | |
11/01/23 | $1,000,000 | 7.05% | 9.0 | |
04/01/24 | $1,250,000 | 7.15% | 8.0 | |
08/15/24 | $1,850,000 | 7.45% | 5.0 |
Can someone explain how to get these months?
Here is an example from my homework of how it is done.
\begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Date & \multicolumn{2}{|c|}{ Principal } & APR & Term (months) & Months in ' 24 & Inte & revenut \\ \hline 09/30/23 & $ & 850,000 & 6.45% & 12.0 & 9.0 & $ & 41,119 \\ \hline 11/01/23 & $ & 1,000,000 & 6.95% & 10.0 & 8.0 & $ & 46,333 \\ \hline 04/01/24 & $ & 1,250,000 & 7.05% & 7.5 & 7.5 & $ & 55,078 \\ \hline 08/15/24 & s & 1,500,000 & 7.55% & 6.0 & 4.5 & \$ & 42,469 \\ \hline \end{tabular}Step by Step Solution
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