8 ms·
Calculating what? you cancel payments due for the next 3 months and then change the last payment date to 3 months later. Doesn't sound all that difficult to me.
by josephd79 6y ago
Calculating what? you cancel payments due for the next 3 months and then change the last payment date to 3 months later. Doesn't sound all that difficult to me...
- SpicyLemonZest 6y agoYou and I can just informally say "oh, you know, it's just shifted forward 3 months". Corporate accountants are held to a stricter standard than that. They have to estimate the loan's present value, and that value depends on when payments are due.