Loan: Result for sum the interest on the end of k-period is 17 550 $.

[melodyw]

Loan of 60000 $ is paying off in equal in repayment quote in the end of the year. Repayment limit is 8 years.
Complex, anual, decursive interest rate is 6,5%.
Make the repayment table and make checkup.

Result for sum the interest on the end of k-period is 17 550 $.

My result is around 18000 $ and it should be more precise.

 

[Otis]

:idea: Perhaps if you showed your work, we could understand what you've done.

Here is a link to the forum guidelines.

Cheers