G
geno1
Hello All
I need a template that amortizes loans figuring interest the same way credit
card companies do. For example, credit card companies use the "Average Daily
Balance" ((APR/12/360 )*Average Daily Balance) method to determine your
finance charges each month. I noticed that there are several calculators
that use simple interest but I am always off by a several dollars when I try
to figure how much I need to pay each month to pay off the balances.
Thanks For Your Help
Geno1
I need a template that amortizes loans figuring interest the same way credit
card companies do. For example, credit card companies use the "Average Daily
Balance" ((APR/12/360 )*Average Daily Balance) method to determine your
finance charges each month. I noticed that there are several calculators
that use simple interest but I am always off by a several dollars when I try
to figure how much I need to pay each month to pay off the balances.
Thanks For Your Help
Geno1