Analysis Question

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Posted by Rich[FL] on February 11, 2003 at 14:33:32:

John, here's a note structure I haven't run across before and I haven't figured out a way to evaluate it yet. I was wondering if you could suggest how you'd go about it.

PV = $52,000; I = 8.5%;
no payments for first 36 months, interest to accrue;
PMT = $478.23 for next 59 months;
Balloon due at end for $67,515.27.

For starters, I haven't yet figured out where they came up with these numbers. I'm not necessarily looking to purchase this note (yet); I just want to figure out how to analyze it. Thanks for your time.

Rich

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