All Questions
3 questions
3
votes
2
answers
288
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How to compare loans of same principal, same interest but with different tenors
I have a scenario where there are 2 loans that can be provided (assuming I am providing the loan). The principal amount is the same, 30,000 in case of both the loans. The interest is also same at 17%. ...
- 1,185
3
votes
3
answers
2k
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How to know how much interest paid per payment in a fixed tenor personal loan
I recently took up a personal loan. I do not have any financial background and I do not have any issue paying the loan but I am just curious on how they come out with some numbers.
To be precise, the ...
- 165
1
vote
1
answer
830
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Why SUM(PMT) is not identical to FV?
I'm exploring financial functions in a spreadsheet. When I use FV, which is based on FV = PV*(1+r)^n I get a different number than when using PMT and multiplying by the number of periods.
For example:...
- 528