ChatterBank1 min ago
looking for a smart cookie who can give me the workings to this loan calculation
1 Answers
Details:
Loan amount = 1,400,000.00
Repayment period in years = 15
Interest rate = 2.75%
Number of payments per year = 12
Results:
Amount per repayment = 9,500.70
Total paid over life of loan = 1,710126.50
Total interest paid during loan = 310,126.53
Loan amount = 1,400,000.00
Repayment period in years = 15
Interest rate = 2.75%
Number of payments per year = 12
Results:
Amount per repayment = 9,500.70
Total paid over life of loan = 1,710126.50
Total interest paid during loan = 310,126.53
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