Answers to questions on how we will convert interest rate and inflation, according to the different number of days.
With this guide, we will prepare the sample for the calculation of the annuity for the loan. It uses simple and compound interest method. Simple to use copy paste.
You know what kind of financial burden you can afford and what interest rate you have for borrowing money. You are interested how much money you can borrow. How to get this information?
Calculation of the effective interest rate is complex, because there is no formula for this calculation. The effective interest rate is the price of money.