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Tagged with amortization payment
3
questions
1
vote
1
answer
182
views
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 ...
- 11
3
votes
2
answers
3k
views
Calculating amortisation payment amount, where first payment date differs from loan start date
I'm trying to reproduce the schedule, but I cant seem to get the same Payment and Interest for each month. The tricky part here is that the Loan start date is 9 Feb 2017 but the first payment is only ...
- 133
0
votes
1
answer
13k
views
What is the formula for loan payoff with daily compounded interest and monthly payment?
My goal is to make a graph using this formula for all possible monthly payments.
Let's say...
Loans: 21750
Monthly Payment: 220
Daily Interest: 4.0% / 365
What formula would I use to get the total ...
- 125