Identify the loan cash received
See this course’s project requirements
A checked amortization schedule and loan-offer comparison separating cash received, interest, fees, total cost and early-payment rules.
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What to include
- A loan-proceeds comparison with a funding-gap calculation and disclosure questions.
- A checked one-period payment allocation and principal roll-forward.
- A four-period amortization table with final payoff and total-interest checks.
- A term/cost/affordability scorecard for comparable loan offers.
- An extra-payment scenario with principal application and prepayment questions.
- A borrowing-or-wait decision brief with a savings path, cost and review trigger.
Review and revise
Use these criteria to check your work and choose what to improve.
- All supplied records reconcile and the decision uses the named case rules.
- Calculations show units, intermediate values and a second check.
- Changed-input practice revises the affected result and identifies uncertainty.
- The final project combines six lesson records, separates fictional assumptions from current rules, and states a supported next step.
Want more background?
The idea in everyday life
This is an original fictional practice case. No account, payment, personal record or outside participation is required. Offer A owes $1,000 principal with a $50 fee withheld; offer B owes $1,000 with no upfront fee. Ignore later interest here.
Principal owed, cash delivered and fees can differ; compare borrowing cost against what is actually usable.
Identify the loan cash received — worked practice
Principal owed, cash delivered and fees can differ; compare borrowing cost against what is actually usable.
Use paper or a local table; label all amounts as fictional USD unless the case names another unit. Offer A owes $1,000 principal with a $50 fee withheld; offer B owes $1,000 with no upfront fee. Ignore later interest here.
Disbursed cash comparison
Paste at A1.
| AOffer | BPrincipal owed USD | CFee withheld USD |
|---|---|---|
| A | 1000 | 50 |
| B | 1000 | 0 |
Copy as plain text
1. Step 1: Record principal separately from withheld charges
Record principal separately from withheld charges.
You should see: A: $1,000 principal, $50 withheld; B: $1,000 principal, $0 withheld.
Principal owed, cash delivered and fees can differ; compare borrowing cost against what is actually usable.
2. Step 2: Calculate cash delivered
Calculate cash delivered.
You should see: A $950; B $1,000.
Keep this intermediate result so the final decision can be checked.
3. Step 3: Compare with a $1,000 cash need
Compare with a $1,000 cash need.
You should see: A leaves a $50 gap; B meets it.
Keep this intermediate result so the final decision can be checked.
4. Step 4: Write a disclosure-question list
Write a disclosure-question list.
You should see: Verify fees, APR, payment schedule and the actual amount delivered before comparing offers.
Keep this intermediate result so the final decision can be checked.
What to finish
A loan-proceeds comparison with a funding-gap calculation and disclosure questions.
Watch for this
Assuming the amount owed is the same as the cash delivered after a withheld fee.
How can I tell I understand it?
Separate contractual loan principal from delivered proceeds and upfront deductions on a new supplied case, with a visible intermediate check and no unsupported real-world promise.
Quick knowledge check
Answer all 3 questions. Get at least 2 right and the lesson completes automatically.
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Answer all 3 questions above and get at least 2 right. You can review the explanations and try again.
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Source & access notes · checked 2026-10-01
Official page opened/read during Money expansion authoring; checked the relevant concept and access state. These sources do not establish funding eligibility.
Access: Readable official webpage inspected with the web reader on 2026-10-01. No interactive-tool operation is claimed.
Reuse: Original fictional practice, questions and calculations; paraphrased concepts with a source link. No source exercise copied.
Source & access notes · checked 2026-10-01
Official page opened/read during Money expansion authoring; checked the relevant concept and access state. These sources do not establish funding eligibility.
Access: Readable official webpage inspected with the web reader on 2026-10-01. No interactive-tool operation is claimed.
Reuse: Original fictional practice, questions and calculations; paraphrased concepts with a source link. No source exercise copied.
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