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Questions and Answers
What is the net loan amount at the beginning of Month 1?
What is the net loan amount at the beginning of Month 1?
$14,958,000
What is the total equity at the end of Month 1?
What is the total equity at the end of Month 1?
$2,112,000
What is the total liabilities + equity at the end of Month 2?
What is the total liabilities + equity at the end of Month 2?
$19,200,000
What is the amount written off the books at the end of Month 2?
What is the amount written off the books at the end of Month 2?
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