Question
Use the amortization schedule below to calculate the Lender's IRR. Assume the loan balloons in Year 10. Loan Principal $1,200,000 Amortization Term 25 Loan Term
Use the amortization schedule below to calculate the Lender's IRR. Assume the loan balloons in Year 10.
Loan Principal $1,200,000
Amortization Term 25
Loan Term 10
Interest Rate 10.00%
Lender Fee 4.00%
Lender IRR ???
amortization schedule
Begin PMT Interest Principal End Lender CF's
Please show all math and formulas in excel
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the Lenders IRR using the provided amortization schedule we need to calculate the net c...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
