looking for a smart cookie who can give me the workings to this loan calculation

humphreybumphrey | 11:01 Sat 07th Nov 2009 | Education

1 Answers

Details:
Loan amount = 1,400,000.00
Repayment period in years = 15
Interest rate = 2.75%
Number of payments per year = 12

Results:
Amount per repayment = 9,500.70
Total paid over life of loan = 1,710126.50
Total interest paid during loan = 310,126.53

As History - trouble with essays

CMI Diploma in Management and Leadership

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humphreybumphrey

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It's okay guys, got this one answered through Business & Finance.

Sorry if you've already started racking your brain.

You can still work it out though and go to B&F to check your answer.

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