QUOTE(Zxuan @ Jul 4 2011, 04:41 PM)
Any1 here teach me how to count those installment amount?
lets say we are buying 1.8mt 80000
down payment 30000
interest rate 2.5%
so, how to calculate the exact monthly installment?
THANKS AH !!!
80000 - 30000 = 50000 (loan)lets say we are buying 1.8mt 80000
down payment 30000
interest rate 2.5%
so, how to calculate the exact monthly installment?
THANKS AH !!!
50000 x 0.025 = 1250 (interest in 1 year)
1250 x 5 = 6250 (interest for 5 years)
50000 + 6250 = 56250 (total lon + interest for 5 years)
56250 / 60 months = 937.50 (installment per month)
Jul 4 2011, 04:52 PM

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