| Directions: To calculate a variable interest rate, enter the spread in the box below that corresponds to the index used for the loan, then click “Calculate.” For
example, if the loan’s interest rate is 3-month LIBOR + 2.45%, enter 2.45 in the box next to 3-month LIBOR. If the interest rate is Prime – 1.0%, enter the negative number -1.0 in the box next to Prime Rate. |