Please help

amyr

New Member
Joined
Mar 24, 2024
Messages
8
Office Version
  1. 365
Platform
  1. MacOS
I did an owner carry loan and the borrower has had a very sketchy start with payments. The 30 year loan was for $313,600.00 at 9% and payments are $2,523.00. he missed the first payment then had a few partial payments. I need to figure out how to calculate the amount due, with interest and late fees. He is only 8 months into the loan so far.
 
I'm sorry for being so stupid! My first formula I thought I typed it perfectly but it made the payment $235,000!
 
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