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If you have 4 loans from different sources at different rates (See Table below), the which require payments for different periods on a monthly basis
If you have 4 loans from different sources at different rates (See Table below), the which require payments for different periods on a monthly basis and you want to make a single monthly payment, for which you get an additional loan that allows you to pay your total debt at 33.33% of the WACC of your 4 current loans. At what rate did you get the loan and how many months must you pay it for the monthly payment be the average of your 4 monthly payments?Loan Rate. Pending monthly payment 60 48 2 Pending debt $150,000 $200,000 $280,000 $175,000 1 2 3 4 35% 40% 22% 27% 3 24 30 Loan Rate. Pending monthly payment 60 48 2 Pending debt $150,000 $200,000 $280,000 $175,000 1 2 3 4 35% 40% 22% 27% 3 24 30
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