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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 577
Experience:  10 years experience
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I want to calculate 2 loan payoffs using appropriate AFR

Customer Question

I want to calculate 2 loan payoffs using appropriate AFR rates. Both loans are dated 12/10/03; one is for $51,000 and the other is $102,000. Is there a quick resource that will automatically calculate these and incorporate the historic AFR's? Thank you
JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?
Customer: No
Submitted: 3 months ago.
Category: Tax
Expert:  Mark Taylor replied 3 months ago.

Hi, my name is Mark. I will be happy to help you with your questions. Please give me a moment to prepare a response.

Expert:  Mark Taylor replied 3 months ago.

I am looking to see if I can find a spreadsheet template that will help you.

Expert:  Mark Taylor replied 3 months ago.

I could not find a template. I could help you create a spreadsheet. What were the terms of the loan? Did they receive interest?

Customer: replied 3 months ago.
I just did it manually myself. Was just hoping that the historic AFR's were embedded somewhere in a spreadsheet or calculator. That would have been easy
Expert:  Mark Taylor replied 3 months ago.

I thought that there would be one, I could not find any in my searches.

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