Re: Math Problem
Your bank has the formula. I calculate my interest myself in my budget. The forumula is:
Oh, I use Lotus 1-2-3 @sum((principle*interest rate)/365)*days in the month = monthly
this is principle payment times the interest rate divded by 365 days in a year multiplied by the number of days in the month (can do for quarterly also using number of days in the quarter). Call your bank, they will tell you the formula, but I am positive about mine.
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