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Interest rate calculator
tigerfeet2006
Posts: 14,030 Forumite
in Loans
I have a loan with the CU which I am paying off quite happily. I would like to pay extra to pay the loan off quicker (this is allowed with no penalty with the CU.) Is there a very easy, idiots calculator I can use too work out that if I pay X amount I will pay the loan off in X months but if I pay X amount more I will pay it off X months earlier. The interest rate is 12%APR.
Many thanks.
Many thanks.
BSCno.87
The only stupid question is an unasked one
Loving life as a Kernow Hippy0
Comments
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BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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