How the bank calculates interest on your home loan in simple terms with example. In this lesson we build a compound interest calculator to calculate how much the bank will pay you if save certain amount of money bank.
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This excel tutorial shows how to calculate the principal and interest payments of a loan. This video explains and provides an example of a discounted loan. Bob borrows $5000 to pay off some bills and catch up on car payments.
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The bank offers him a discount loan with an advertised rate of 75% (simple interest) f. This video is about total interest on a loan.
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