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Loan amount = $100,000
Annual interest = 6%
Tenure = 30yrs
Monthly rest instalment
=PMT(6%/12,30*12,100000)
=$599.55
What is the formula for Daily rest instalment
From financial calculator the answer is $600.48
Please help
Loan amount = $100,000
Annual interest = 6%
Tenure = 30yrs
Monthly rest instalment
=PMT(6%/12,30*12,100000)
=$599.55
What is the formula for Daily rest instalment
From financial calculator the answer is $600.48
Please help
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