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Given: 1) Term loan with balance of $90M at the end of 2018, scheduled amortization of $5M / quarter and an interest rate of 10%
Given:
1) Term loan with balance of $90M at the end of 2018, scheduled amortization of $5M / quarter and an interest rate of 10% / annum
2) Revolving credit facility that had an average balance in 2019 equivalent to $50M, with a rate of 10% / annum
Solve for the following:
2019 average loan balance | ||
2019 interest | ||
Average revolver balance | ||
Interest rate | 10.00% | |
2019 Interest |
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