How to calculate loan interest
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Jenskin1011
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- Joined: Mon, 30 May 2011
How to calculate loan interest
Dear all,
May i know how to calculate loan interest, example : we loan $300,000 from company A & split 2 yrs repayments as per agreement dated 16/10/2009, interest shall be annual 5% for the principal and we make payment of $100,000 on 25/04/2011?
Thanks.
May i know how to calculate loan interest, example : we loan $300,000 from company A & split 2 yrs repayments as per agreement dated 16/10/2009, interest shall be annual 5% for the principal and we make payment of $100,000 on 25/04/2011?
Thanks.
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