Fixed Daily loan Flashcards by Matthew Birnholz | Brainscape

Q

How to calculate Fixed daily Loan

A

Loan amount * factor rate = future payback

Sum/ term in days = Daily Payment

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is GOD?

A

Cashflow or Average Daily Ledger

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Minimum Gross Deposits to proceed with loan

A

15,000

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Minimum deposits per month

A

8 deposits per month

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

how to roughly calculate max daily payment

A

average daily ledger / 15= max daily payment

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

about how many business days per month

A

21.5

How well did you know this?

1

Not at all

2

3

4

5

Perfectly