![]() ![]() This is the normal case: Regular Payment Frequency will be the same as the Interest Compounding Frequency. Interest Compounding Frequency: Monthly.Regular Payment Frequency: It means you pay your regular payments every month. ![]() Remaining Years: 28.50, It means you have already paid the regular payments for the period 30-28.50 = 1.5 years.Suppose you have loan details like the following: Let me show you the use of this template with an example. You can choose a different payment frequency for your extra recurring payments.In some countries, for example, Canada, payment frequency and interest compounding frequency can be different. You can choose your Interest Compounding Frequency.Time saved (if you made recurring extra payments or irregular/lump sum extra payments). ![]()
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