finance announced, page-46

  1. GFM
    1,204 Posts.
    Just to put your mind at rest ZzedzZ,

    I would think that for this type of loan it would be an interest only loan with the principal due on maturiy & that would be roughly : $583,333.33 per month interest plus $100,000,000 due on maturity.

    For a PI loan the monthly repayments over a period of 12 monthly payments would be: $8,602,493.40 (roughly)interest calculated and charged monthly.

    Disclaimer
    Have owned my own finance company for 13 years and my financial calculator tells me those numbers are good !!! but feel free to dispute them.

    cheers

    cj
 
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