Definition
system is the most widely used calculation of loans, in which the fee remains constant throughout the life of the loan, but which vary its interest rate conditions.
this repayment system is also called the French system. Formula
mathematics for calculating the share
N = Nominal Amount of Loan Principal
n = Length of the operation in months, quarters, semesters or
years i = Effective interest rate for the period (if the duration is in months the interest rate will have to come given in months)
0 comments:
Post a Comment