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Calculating Loan Payments
Apparently, the firm I have just inherited from the previous teacher has not yet made any loan payments. Best I can tell from past documentation, we are to amortize the loan over 5 years at 6% interest...and pay in 60 equal payments. Is this correct?
1 comment
kathy,
You should have a promisory note that gives you the loan payment. If you can't lay hands on it, let me know.
You should have a promisory note that gives you the loan payment. If you can't lay hands on it, let me know.
10/13/08 @ 13:10
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