Question
This is an excel problem. Could you also provide the cell equations if at all possible? Months remaining is 96 Basic Loan Financial Stress and
This is an excel problem. Could you also provide the cell equations if at all possible? Months remaining is 96
Basic Loan | Financial Stress and Forbearance | |||||||
Amount Needed | $35,000.00 | 2 Years into loan hit 6 month pause button | ||||||
Fee Percent | 1.06% | Interest accrues - no payment made | ||||||
Fee | $371.00 | |||||||
Loan Amount | $34,629.00 | Balance at 2 years | ||||||
Annual Interest Rate | 6.20% | 6 months Interest | ||||||
Term-Years | 10 | New Balance | ||||||
# of monthly Payments | ||||||||
Payment | Months remaining | |||||||
New Payment | ||||||||
Total Cost of the Loan | ||||||||
Paid before pause | ||||||||
Period# | Interest | Balance Reduction | Loan Balance | Paid after Pause | ||||
0 | New Cost of the Loan | |||||||
1 | ||||||||
2 | Added Cost | |||||||
3 | ||||||||
4 | ||||||||
5 | ||||||||
6 | ||||||||
7 | ||||||||
8 | ||||||||
9 | ||||||||
10 | ||||||||
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