All Questions
Tagged with amortization compound-interest
4
questions
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1
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106
views
If APY factors compounding (while APR doesn't), shouldn't APY always be higher than APR?
So, from what I understand:
APR: rate advertised to borrowers (without compounding)
APY: rate advertised to lenders (with compounding)
So, for a loan with APR of 6%, that compounds monthly:
APY = (...
1
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2
answers
149
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Is this a weekly compounding loan amortization schedule?
I am currently having a disagreement with my colleagues regarding whether a loan is compounding or not.
I have linked below an image of a amortization schedule for a 52 week term for a $50,000 loan. ...
1
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1
answer
99
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Calculating Amortization Payment Amount when first payment is early
How can I determine a fixed payment amount for a loan that has an early first payment?
Example:
Loan Amount: $100
Interest: 10%
Loan Date: January 1st, 2018
First Payment Date: January 15th, ...
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1
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1
answer
182
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What is the formula for loan payoff with daily compounded interest and annual payment?
I am trying to get the loan repayment amount for below data :
Loan Amount: $20,412.65
Payments (#): 10
Annual Interest Rate: 2.5%
Loan Date: 07/02/2018
First Payment Due: 09/02/2018 (next payment ...
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