This spreadsheet can be used to calculate the amount of prepaid interest a buyer will need to
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1 Enter the loan amount. 3 Enter the closing date. 5 Enter number of days in month. 7 Enter the APR for the loan. 9 Interest due for one year. 10 Daily interest due. Interest due from closing date 11until the end of the month.
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B9 is the loan amount multiplied by the APR expr...View the full answer
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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