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Financial Planning / Tax Strategies
|Subject: Re: private loan - details, details...||Date: 8/5/2004 5:40 PM|
|Author: lorenzo2||Number: 72740 of 122921|
Does that help?
Yup, that's perfect. What I didn't understand was the 110%/120%/130% business. And I hadn't yet sorted out the periods, short-term, mid-term, or long-term. I see that I'm just about in line with the AFR - my proposed loan was for four years at 4%, compounded monthly. The AFR for August says it should be at least 3.93%.
Thanks very much, Bill.
1st Bank of Lorenzo
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