Loan Payment Formula

A loan payment is required monthly payment for a loan. By definition, loan is the amount of money (or sometimes other goods) given to a borrower in exchange for consistent future payments, which usually consist of principal (original sum of borrowed money), interest and sometimes other additional Read More about Loan Payment Formula

Simple Interest Formula

Simple Interest Formula is a mathematical method to calculate the interest paid or interest received at a certain rate against a specific amount of capital borrowed or deposit for a specified interval of time, as a result of a financial transaction. As we know, the amount of money would increase Read More about Simple Interest Formula