LOAN ARMOTIZATION SCHEDULE - REDUCING BALANCE

[@aristotlebright2878]

And also at what stage do you have to divide the rate by 12 months?

[@aristotlebright2878]

Is it advisable to divide the rate by the the number of months when it is p.a?

[@eltonloverboy]

Why dont u use the decimal points ? Like instead of 922.3 u just wrote 922

[@florenceopilo5037]

Nice one👍👍

[@AringoFredrick]

Thanks ✌️

[@KansiimeEsther-oj9vg]

What of increasing bal

[@warsamehared8504]

what about if there is no installment but compounded yearly

[@SharonChelangat-t2o]

Why have you adding the balance and interest to get the principal due, I thought you are supposed to subtract

[@thriveconceptsinvestments184]

What of situations when you are asked to calculate amortization schedule for the last 4months

[@maryhillarykarungi8464]

Wow u are so good!!

[@asiepetjoan3067]

You have handsome accounts. God bless

[@AringoFredrick]

😊😊😊, thank you. I am glad you enjoyed the class.

[@thevisionary5005]

Compounded monthly
Why didn’t you multiply the year by 12

[@ndapewoshalindahafa5891]

yes I also want to know this,

[@kimothowanjiku6775]

The rate is also monthly

[@eltonloverboy]

And then wrote 843.5 as 844