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Finance | Calculating a Partial Payment on a Loan
Автор: jdigitalTutoring
Загружено: 2020-11-14
Просмотров: 385
Описание:
In this video we discuss how to calculate partial payments on a loan. When a partial payment is made we must calculate how much interest accumulated during the time that passed. Then the interest is added to the balance and then the payment is deducted. This must be done for each payment. Then the final payment is due on the last day of the loan.
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