Fixed & Reducing Balance Loan Calculation.
On Sunday, November 11, 2007 12:21:00 PM UTC+5:30, Assad wrote:
Hi.
Could anyone, please guide me following two questions.
Loan Calculation For
Fixed Annual Interest Rate
Reducing Balance Annual Interest Rate
Prinicipale Amount : 800,000
Profit Rate: 5.9 % Per Anum
Years: 20
Advise formula for both type of calculation, to know installment per month
or per year basis.
Regards.
Assad
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