<Dd> where: <Dl> <Dd> S is the borrowed amount or principal amount . </Dd> <Dd> A is the prepaid onetime fee </Dd> <Dd> R the rest debt, the amount that remains as an interest - only loan after the last cash flow . </Dd> </Dl> </Dd> <Dl> <Dd> S is the borrowed amount or principal amount . </Dd> <Dd> A is the prepaid onetime fee </Dd> <Dd> R the rest debt, the amount that remains as an interest - only loan after the last cash flow . </Dd> </Dl> <Dd> S is the borrowed amount or principal amount . </Dd> <Dd> A is the prepaid onetime fee </Dd>

An amortized 3 year loan has annual payments