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Loan amortization with grace period

  1. #1
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    Loan amortization with grace period

    Can someone help me calculate loan amortization with grace period using effective interest rate? Thanks...
    Principal 10,000.00
    Term - 1 year or 12 months
    Interest rate (nominal) - 10%
    Grace period - 2 months

  2. #2
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    Re: Loan amortization with grace period

    What do you mean by grace period?

    Does that mean that yo do not get interest for two months

    Or

    Does it mean that you get 14 months interest?
    My General Rules if you want my help. Not aimed at any person in particular:

    1. Please Make Requests not demands, none of us get paid here.

    2. Check back on your post regularly. I will not return to a post after 4 days.
    If it is not important to you then it definitely is not important to me.

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