V
Vernon
I have managed to use the PMT function to calculate the payments on a fixed
rate loan, I am however stumped at how to work out the payments on one of
these PCP type of car loans where you defer part payment to the end.
Can anyone help? With a formula in plain english?
Example would be
finance amount £9000
Final payment £3000
annual int rate 11.9%
months 36
many thanks
Vernon
rate loan, I am however stumped at how to work out the payments on one of
these PCP type of car loans where you defer part payment to the end.
Can anyone help? With a formula in plain english?
Example would be
finance amount £9000
Final payment £3000
annual int rate 11.9%
months 36
many thanks
Vernon