Your bank has a loan outstanding with a current balance of $1,000,000 that is payable in quarterly e
aschultz8 Asked: Your bank has a loan outstanding with a current balance of $1,000,000 that is payable in quarterly e
Your bank has a loan outstanding with a current balance of $1,000,000 that is payable in quarterly equal installments of $49,924.This loan has another 6 years to maturity.The borrower has run into financial problems and has requested a reduction of the quarterly installments to $40,000.The cost of money to the bank is 6% (with quarterly compounding).Estimate the loss to the bank if it agrees to restructure the loan as requested by the client.
Answers:
Mrs Sonia Answered:
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Hello i am Mrs Sonia Krona from Florida us,i saw your question on how you needed a loan that is why i want to recommend one legit online loan firm by the name Ben loan firm they helped me with a loan of $150,000 two weeks ago,i can assure you that their ways was very easy no credit check,no collateral,no cosigner and with just 3% interest rate so please contact them via this email:benloanfirm@yahoo.com.sg