The interest rate was applied extremely incorrectly, and upon fixing the formula, I got a staggeringly different number. Upon recalculating, the $400M in deferrals goes down to *$129M in present value* based on my hypothetical schedule, bringing the total down AAV down to $42.9M. pic.twitter.com/fKUdDDTLEg— Jon Becker (@jonbecker_) December 10, 2023
The interest rate was applied extremely incorrectly, and upon fixing the formula, I got a staggeringly different number. Upon recalculating, the $400M in deferrals goes down to *$129M in present value* based on my hypothetical schedule, bringing the total down AAV down to $42.9M. pic.twitter.com/fKUdDDTLEg