Unformatted text preview: ) + Minimum Cash Balance Repayment will be equal to …… Either…. • Lump sum amount given in the problem OR • The Lesser of … a. Amount of the Loan outstanding OR b. ( Cash over - Minimum Cash Bal. - Any interest paid ) This amount should then be rounded down to the nearest thousand . If the amount is < zero, use zero....
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This note was uploaded on 03/04/2012 for the course ACCT 2460 taught by Professor Farrar during the Winter '12 term at Conestoga.
- Winter '12