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Investment Proposal (Cash Flow Statement)

This project received 3 bids from talented freelancers with an average bid price of £70 GBP.

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Project Description

Mr Brown has got an investment to make and he lives in a country where the currency is called Kroma. He intends to invest K200,000,000 he would like to borrow money from the Bank for the above amount with a proposed simple fixed interest of 12% Per annum.

The Project will repay the loan in 3 Years. Mr Borwn has further security on the loan in form of his property (house). He values the house at K350,000,000 and has all the title deeds to that property and no loans secured on that property. His Income received is from other properties monthly net of tax is as follows:

Property (a) K1,600,000 Per month
Property (a1) K 800,000 Per month
Property (b) K 850,000 Per month
Property (c) K 250,000 Per month
Property (d) K1,250,000 Per month
Property (e) K2,250,000 Per month
Property (f) K2,200,000 Every TWO months**
Property (g) K10,800,000 Every THREE months**
Property (h) K4,500,000 Every SIX months**

You are an accountant for Mr Brown and you are required to:

a) Write a Letter to the Bank requesting a loan
b) Prepare a Cash flow to support the Loan for Mr brown
c)State any assumptions that you have made

He also pays electricity K740,000 per month and other commitments of K500,000 per month

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