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07-14-2014, 05:12 PM #4
Reputation points: 22
- Join Date
- May 2014
- Posts
- 11
Thanks Finance1, this is very helpful. The math for the Add on explanation makes perfect sense, however I am still confused on how you went from a 1.2 factor rate to a 1.4 factor rate.
Also, I don’t understand why company B would buy a refi deal from me, when they would only make money for the 5K? My understanding, from your example, is that Company B would pay back the 5K that is still owned by merchant to Company A and set up a brand new deal with the merchant. Based on my math, why would company B purchase this risky deal when they barely make 1K (5K at 1.2 factor rate)?
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