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How can I calculate a due interest of annuities for a certain peri
I have an annuity plan for let's say 5 years with 60 monthly installments
with a financing amount of 10.000 ‚¬ and 10 % interest rate. The payment plan starts in March 2007. Is it somehow possible to calculate with a formula, how much interest I will have to pay just for the periode from March till December in the first year? That means only for 9 month. Thanks in advance for your answers! Robert |
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