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GeneralRe: serialize colors and fonts in XML Pin
urbane.tiger11-Oct-07 18:28
urbane.tiger11-Oct-07 18:28 
GeneralRe: serialize colors and fonts in XML Pin
led mike12-Oct-07 4:10
led mike12-Oct-07 4:10 
GeneralRe: serialize colors and fonts in XML Pin
urbane.tiger14-Oct-07 19:30
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QuestionRegarding xpath expressions Pin
anu818-Oct-07 23:48
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AnswerRe: Regarding xpath expressions Pin
anu819-Oct-07 0:31
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QuestionWord XML/XSLT Pin
Glenn E. Lanier II8-Oct-07 12:44
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QuestionFormula to calculate Equal Monthly Payments Pin
Vtoria8-Oct-07 7:35
Vtoria8-Oct-07 7:35 
AnswerRe: Formula to calculate Equal Monthly Payments Pin
Howard Richards22-Oct-07 5:16
Howard Richards22-Oct-07 5:16 
I will assume that your $251.96 is paying both interest on the balance and part of the loan is repaid each month.

So each each payment = interest + repayment

I used to Excel and "Goal-Seek" to work out the nominal (annual) rate of interest, it is 234.214%. Therefore each bi-weekly payment (assuming 52 weeks in a year) is 1/26 x 234.214% which is 9.008%

This is the interest part: so in first week interest is balance x 9.008% which is $225.206

Subtract this from $251.96 and you have the net repayment that month, $26.76.

For bi-week 2, interest on the balance is now $2473.24 x 9.008% .. etc

As to formulas I don't know if there is one, it's so long since I did all this stuff.. As you can see the interest is calculated monthly based on the remaining balance, and totals $4050.96

'Howard

QuestionSimple Filter Question Pin
Glenn E. Lanier II8-Oct-07 4:35
Glenn E. Lanier II8-Oct-07 4:35 
AnswerRe: Simple Filter Question Pin
pmarfleet8-Oct-07 10:03
pmarfleet8-Oct-07 10:03 
GeneralRe: Simple Filter Question Pin
Glenn E. Lanier II8-Oct-07 10:09
Glenn E. Lanier II8-Oct-07 10:09 
QuestionXSL creation Problem Pin
Vanamaindia3-Oct-07 23:45
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AnswerRe: XSL creation Problem Pin
Not Active4-Oct-07 2:22
mentorNot Active4-Oct-07 2:22 
Questionerror when adding web reference Pin
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QuestionSchema with Entity -- Validating Error Pin
xfun5563-Oct-07 3:08
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Questionxml serializer Pin
mukkanti0073-Oct-07 2:05
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AnswerRe: xml serializer Pin
Ilya Verbitskiy3-Oct-07 4:48
Ilya Verbitskiy3-Oct-07 4:48 
AnswerRe: xml serializer Pin
Dave Kreskowiak3-Oct-07 5:03
mveDave Kreskowiak3-Oct-07 5:03 
QuestionImage display problem Pin
SUDHAKAR PALLAM2-Oct-07 18:34
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Questionsimple XPATH help Pin
eggie52-Oct-07 9:04
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AnswerRe: simple XPATH help Pin
Scott Dorman2-Oct-07 16:45
professionalScott Dorman2-Oct-07 16:45 
QuestionUsing a custom Excel Sheet with XML code Pin
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QuestionHow can we acheive RSS feed through ASP.net ? Pin
jegastar1-Oct-07 19:28
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QuestionXFlat Pin
barney_19721-Oct-07 4:51
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AnswerRe: XFlat Pin
led mike1-Oct-07 5:17
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