HELP... does anybody work for a finance company???
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PassionFord Post Troll
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HELP... does anybody work for a finance company???
Does anyone know how to work out how much the payment will be on something if i PM you the details
Just i cant figure out how they have come to the figures i've been given
Just i cant figure out how they have come to the figures i've been given
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Joined: Apr 2004
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From: Croydon
Its easy mate.
(Total value of loan * Annual Rate of Interest)/100 = Total annual rate of interest earned.
(Total annual rate of interest earned * Number of years of loan)/2 = Total amount of interest payable over term.
Total value of loan + Total amount of interest payable over term = Total Amount to be repaid.
Total Amount to be Repaid / Number of months = Total Monthly Repayments.
That should do it for you fella.
(Total value of loan * Annual Rate of Interest)/100 = Total annual rate of interest earned.
(Total annual rate of interest earned * Number of years of loan)/2 = Total amount of interest payable over term.
Total value of loan + Total amount of interest payable over term = Total Amount to be repaid.
Total Amount to be Repaid / Number of months = Total Monthly Repayments.
That should do it for you fella.
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