Today is January 1, 2009 (the beginning of year 4). We seek a loan modification.
On this day, our creditor extends to us an additional $500,000, and the term of the loan is extended three years so that all principal is due on December 31, 2013. The coupon rate for the new arrangement is still 8.0%.
Recently Asked Questions
- Why can I not view the documents that I paid to see?
- How does international health insurance work between countries that do not share in trade?
- On February 1 , 20B , Middelton Corp . issues cash and accepts a $ 1,000 note receivable that offers 12 % interest and is due in six months . How much interest