Problem: Calculate imputed interest of the following debt.
The question really is from the amount of this debt, what is the amount (total) is the imputed interest (not interest rate) of this debt and how do I calculate it? Also of that debt (with imputed interest amount) what portion (amount) is the short term and long term.
Rate=7%
Debt=93,891.93
Terms(Month)=33 months.
Also what portion is Short Term (S/T) and Long Term (L/T)?