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10 Cards in this Set
- Front
- Back
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how much of liabilities should be cash |
20-25 |
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points |
upfront fee 1-3% |
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simple interest |
interest paid ------------------ annual borrowed |
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discounted loan |
interest paid ---------------- amount of capital available
50,000, you only can use 46,000 |
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compensatory balance |
interest paid ----------------- available capital
amount of loan-comp balance=available |
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APR |
2*P*F ----------- B (T+1)
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P |
payments per year |
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F |
$ paid in interest |
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B |
amount borrowed |
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T |
total # of payments |
