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Fixed & Reducing Balance Loan Calculation.
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 
#2




Fixed & Reducing Balance Loan Calculation.
On Nov 10, 10:51 pm, Assad wrote:
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. If you make monthly payments __and__ we are talking about a loan that is amortized similar to US loans (specifically, not Canadian loans), the minimum monthly payment can be determined by the following, assuming a monetary system similar to the US dollar (i.e. with the smallest coin equal to 1/100 of the currency unit): =roundup(pmt(5.9%/12, 20*12, 800000), 2) But please note that different countries might compute the monthly rate (he 5.9%/12) differently. For example, I have noticed that another method is used in the UK, at least according to some lenders' web sites. As for a peryear basis, I am not quite sure what you are asking. If you make monthly payments, obviously you pay 12 times that in a year. If you make annual payments (surprise!), then with all the aforementioned assumptions, the annual payment would be: =roundup(pmt(5.9%, 20, 800000), 2) Caveats: (1) Some lenders might permit rounding down. And some lenders prefer to round up or down to a "dollar" or whatever the currency unit of the region is. (2) In rare circumstances, rounding up (usually to a much higher degree, for example 10s of "dollars") might result in fewer payments. You can compute the number of payments as follows (for monthly payments): =roundup(nper(5.9%/12, p, 800000), 0) (3) Rounding the payment will usually result in a somewhat different last payment. You can determine the last payment by the following (for monthly payments): =fv(5.9%/12, n  1, p, 800000)*(1+5.9%/12) where "p" is the rounded monthly payment computed above and "n" is the number of periods computed in #2 or simply 20*12. HTH. 
#3




Fixed & Reducing Balance Loan Calculation.
Thanks !
Much appreciated... Assad "joeu2004" wrote: On Nov 10, 10:51 pm, Assad wrote: 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. If you make monthly payments __and__ we are talking about a loan that is amortized similar to US loans (specifically, not Canadian loans), the minimum monthly payment can be determined by the following, assuming a monetary system similar to the US dollar (i.e. with the smallest coin equal to 1/100 of the currency unit): =roundup(pmt(5.9%/12, 20*12, 800000), 2) But please note that different countries might compute the monthly rate (he 5.9%/12) differently. For example, I have noticed that another method is used in the UK, at least according to some lenders' web sites. As for a peryear basis, I am not quite sure what you are asking. If you make monthly payments, obviously you pay 12 times that in a year. If you make annual payments (surprise!), then with all the aforementioned assumptions, the annual payment would be: =roundup(pmt(5.9%, 20, 800000), 2) Caveats: (1) Some lenders might permit rounding down. And some lenders prefer to round up or down to a "dollar" or whatever the currency unit of the region is. (2) In rare circumstances, rounding up (usually to a much higher degree, for example 10s of "dollars") might result in fewer payments. You can compute the number of payments as follows (for monthly payments): =roundup(nper(5.9%/12, p, 800000), 0) (3) Rounding the payment will usually result in a somewhat different last payment. You can determine the last payment by the following (for monthly payments): =fv(5.9%/12, n  1, p, 800000)*(1+5.9%/12) where "p" is the rounded monthly payment computed above and "n" is the number of periods computed in #2 or simply 20*12. HTH. 
#4




Fixed & Reducing Balance Loan Calculation.
thnx for the EMI calculation... I need to find out the interest portion and
principal portion for each month using reducing balance.. would be gr8 if you can provide the formula... "joeu2004" wrote: On Nov 10, 10:51 pm, Assad wrote: 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. If you make monthly payments __and__ we are talking about a loan that is amortized similar to US loans (specifically, not Canadian loans), the minimum monthly payment can be determined by the following, assuming a monetary system similar to the US dollar (i.e. with the smallest coin equal to 1/100 of the currency unit): =roundup(pmt(5.9%/12, 20*12, 800000), 2) But please note that different countries might compute the monthly rate (he 5.9%/12) differently. For example, I have noticed that another method is used in the UK, at least according to some lenders' web sites. As for a peryear basis, I am not quite sure what you are asking. If you make monthly payments, obviously you pay 12 times that in a year. If you make annual payments (surprise!), then with all the aforementioned assumptions, the annual payment would be: =roundup(pmt(5.9%, 20, 800000), 2) Caveats: (1) Some lenders might permit rounding down. And some lenders prefer to round up or down to a "dollar" or whatever the currency unit of the region is. (2) In rare circumstances, rounding up (usually to a much higher degree, for example 10s of "dollars") might result in fewer payments. You can compute the number of payments as follows (for monthly payments): =roundup(nper(5.9%/12, p, 800000), 0) (3) Rounding the payment will usually result in a somewhat different last payment. You can determine the last payment by the following (for monthly payments): =fv(5.9%/12, n  1, p, 800000)*(1+5.9%/12) where "p" is the rounded monthly payment computed above and "n" is the number of periods computed in #2 or simply 20*12. HTH. 
#5




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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