Dear friends, Please help me to find the answer of Interest income and Amortization of net fees based on example below. Example – Fixed interest loan repayable at maturity using EIR method of amortisation. * At 1.1 X5 lend LCY 1m for 10 years at 7% * Origination fee charged LCY 12,500 * Origination costs incurred LCY 25,000 * Original EIR 6.823% - Loan Principal 1,000,000 - Origination fee charged (12,500) - Origination costs incurred 25,000 - Initial carrying amount 1,012,500 Please kindly find in attached file to support the example as mentioned above.
Posted on: Mon, 24 Nov 2014 07:07:45 +0000
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