Thanks you in advance for your assistance. Working on a loan model where a loan has defaulted and has not paid interest since April. Historical interest that is not paid is being accrued and compounded. For valuation purposes on projected cash flow, we differ in opinion, between another senior guy who insists that he is right and the other person is dumb. He insists that the forecast interest should compound monthly. It does not make sense to compound interest on forecasted projections to scenarios extending to 18 month and 36 months. Feels like we are hitting the loan too hard. What if the borrower starts to pay in 3-4 months, we are already factoring in a default rate. Would greatly appreciate any input.