I am looking for someone to determine the exact amount outstanding on a promissory note.
I will provide the amount of the promissory note, a list of payments made to date and applicable interest rates.
Here is an example of a case
• Amount of Promissory Note: $99,900.
• Terms: The borrower promises to pay to the sum of Ninety Nine Thousand Nine Hundred Dollars ($99,[url removed, login to view]), in lawful money of Canada, together with interest from November 1, 2009, both before and after maturity, calculated daily at the annual lending rate of interest announced from time to time by the Royal Bank of Canada as its ‘prime Rate” plus [url removed, login to view]% compounded annually.
• RBC Prime rate plus 2% to be used to calculate the amount outstanding is as follows: May 19, 2009 – June 1, 2010- [url removed, login to view]%, June 2, 2010 – July 20, 2010 – [url removed, login to view]%, July 21, 2010 – September 8, 2010 – [url removed, login to view]%, September 9, 2010 (onwards) – [url removed, login to view]%)
• Payments made to date are:
Please reply with your quote and availability.