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Question about Interest Charges
Graeme7777
Posts: 255 Forumite
Hi,
Can someone please point me in the direction of a book(s) and/or website(s) that explains how lenders calculate loan repayments and early redemption amounts. I've managed to find a number of formulae online but they seem to be general financial calculations rather than how lenders calculate these amounts in PRACTICE (compounding conventions etc)
Thank You!
Can someone please point me in the direction of a book(s) and/or website(s) that explains how lenders calculate loan repayments and early redemption amounts. I've managed to find a number of formulae online but they seem to be general financial calculations rather than how lenders calculate these amounts in PRACTICE (compounding conventions etc)
Thank You!
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