HI, not sure if this is the right section to post this in (so if it needs to be moved feel free to do so)
It regards excel and working out loan payments
These are the inputs i can enter
Loan Amount, The Interest Rate per annum, How much the business decides to pay back
What i have to calculate is the amount of months it will be required to pay off the full loan including the compounded interest
I have googled it and also been through heaps of books but i cant find the solution, PLEASE HELP!!!
:crazy:
It regards excel and working out loan payments
These are the inputs i can enter
Loan Amount, The Interest Rate per annum, How much the business decides to pay back
What i have to calculate is the amount of months it will be required to pay off the full loan including the compounded interest
I have googled it and also been through heaps of books but i cant find the solution, PLEASE HELP!!!
:crazy: