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Tagged with loans calculation
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Enhancement of the open source lib for calculation of IRR (internal rate rate)
I am cs student , and has been asked to enhance the documentation for open source lib finance.js for IIR (internal rate of return) for various industry
Here I am trying to calculate IIR for the ...
1
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How to calculate interest charged on my loan given a series of dates & payments?
I want to calculate the interest rate payed for this loan using Mathematica.
The initial amount was of 12000€, then they asked to pay 240€ for opening the loan and another 870€ for the insurance for ...
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how to find flat rate of interest per annum and month if we have given reducing rate of interest or loan amount and tenure?
For example: For loan amount 500000 for 5 years at the rate of 12% (reducing interest rate), EMI is 11,122.22 per month Here 12% reducing is equivalent to flat 6.69% per annum or flat 0.55% per month.
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