Lund Dee
Mar 17, 2009, 03:21 AM
How is straight line interest calculated and payments applied?
sarnian
Mar 17, 2009, 05:20 AM
Hello Lund Dee
Have a look here for the answer to your question (link) See page 127 (http://books.google.nl/books?id=iId3wZ69bIIC&pg=PA127&lpg=PA127&dq=%22straight+interest%22&source=bl&ots=zt8ZJd-92N&sig=vM3qu3wSbpOQkFFlCElvhwtam0g&hl=en&ei=zJS_SYL0BdeMsAbfvbi0DQ&sa=X&oi=book_result&resnum=2&ct=result)