How would you calculate that value/number for a deal closing at nearby XXX date? Im doing this for the due dil / closing process. Its a loan / LTD, with payments that are quarterly.
The info that I have is a loan amortization schedule that provides: Total Pmt = Interest Pmt + Principal Pmt --- Principal Bal q109 91K 12K 79K 1000K q209 X X X X q309 X X X X q409 X X X X
Would I simply use the last quarter principal ending balance + accrued interest (since last quarter to closing date)?
I would calc accrued interest as: accrued interest = last quarter principal ending balance * (APR/365) *# of days between last quarter and closing date
??
