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
??
