This is used to identify particular browsers or devices when the access the service, and is used for security reasons. You'll find yourself when you prepare the calculation presented here.įor more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: Show Details Necessary Compound calculation is slightly more favorable to the borrower. In sinple interest is distributed evenly over the entire period, the compound is increasing over the period, as the basis for the calculation take the interest accrued in the previous period. More accurate is compound way, but because of a more simple calculation is using more sinple. The difference in small amounts and low interest rate is not high. The calculation will be made to compound and the sinple (proportional) method. In this way, you will come to that loan that suits you best. You can choose a variety of annuities, different interest rates and different repayment periods. From these data you can calculate how much loan could you get? YES. You have data on the amount of monthly installment, the interest rate and the loan repayment period. Find out what kind of the interest rate is possible to get for a loan in the bank. You know what kind of income you have converted in your obligation and figure out how much of the loan could you still be repaid. You are often in a dilemma of how much money you can lend.
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