By Admin on Jan 21, 2010 in Credit
Alma asked:
pls. help me compute how much will i pay for the monthly amortization of a 1M loan w/ 7% interest per annum with a 15 years term of payment, if interest is computed based on diminishing balance…pls help me I already forgot the formula for the computation of interest based on diminishing balance of loan.
pls. help me compute how much will i pay for the monthly amortization of a 1M loan w/ 7% interest per annum with a 15 years term of payment, if interest is computed based on diminishing balance…pls help me I already forgot the formula for the computation of interest based on diminishing balance of loan.
You should purchase a business financial calculator for about $20. Lots of free websites to help too. Check out
Gaytheist Buddha | Jan 23, 2010 | Reply