Reducing Balance Method of Loan Calculation: Online Calculator & Excel Working - GETMONEYRICH
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Reducing Balance Method of Loan Calculation: Online Calculator & Excel Working - GETMONEYRICH
Reducing Balance Method of Loan Calculation: Online Calculator & Excel Working - GETMONEYRICH
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SOLUTION: The table of conversion from flat interest rate to reducing balance interest rate is based on the formula F= (1+R)^n (nR-1)+1/ n(1+R)^n-n, where F is the flat rate per month, R
Reducing Balance Method of Loan Calculation: Online Calculator & Excel Working - GETMONEYRICH
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Reducing Balance Method of Loan Calculation: Online Calculator & Excel Working - GETMONEYRICH