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Someone took a loan for 7 months. The accrued interest was 122,2 and the interest rate 4,87 % (p.a.). What was the original loan capital?
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I need a formula that will compute annual payments due of principle and interest accrued with variable numbers of years, interest rates and initial principle amounts.
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I need a formula that will allow me to compute annual payments due on a loan with accrued interest with variables; interest rate, number of years, initial principle amounts.
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I'm having trouble calculating partial years on a compound interest calculator and need assistance.
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I a loan calculator that has a fix annual interest rate but will allow me to put in sporadic payment.
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