Please Calculate in excel... Show formula calculation in excel and answer the 2 questions... CONSTRUCTION...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Please Calculate in excel... Show formula calculation in excel and answer the questions... CONSTRUCTION DRAW SCHEDULE Assume that a construction budget is $ A construction lender is willing to fund up to of this amount including interest charges. The first four draw requests are $ each excluding interest. The next four draw requests are $ excluding interest. All draw requests are at the beginning of each month. The annual interest rate is determined on a monthly basis which is added to the outstanding loan amount. What is the cumulative amount of interest accrued over the period? Does the lender exceed his threshold?
Please Calculate in excel... Show formula calculation in excel and answer the questions... CONSTRUCTION DRAW SCHEDULE
Assume that a construction budget is $ A construction lender is willing to fund up to of this amount including interest charges. The first four draw requests are $ each excluding interest. The next four draw requests are $ excluding interest. All draw requests are at the beginning of each month. The annual interest rate is determined on a monthly basis which is added to the outstanding loan amount.
What is the cumulative amount of interest accrued over the period?
Does the lender exceed his threshold?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.