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our creditor extends to us an additional $500,000, and the term of the

Description

solution


Question

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%.

 

Paper#23753 | Written in 18-Jul-2015

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