STEM help / Calculation framework

Results beginning with ‘V’

Variable Annual Fee

A yearly variable fee as a percentage of the unused credit (where a maximum is defined).

During the repayment grace period, the Variable Annual Fee Prop input multiplied by Period Length multiplied by the difference between Maximum Credit and Balance.

Include: Standard

Variable Start Fee

An up-front variable fee as a percentage of the new credit each year.

The Given result, multiplied by the Variable Start Fee Prop input.

Include: Standard

 

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