I don't know why, but I can never seem to calculate my own interest on loans. I owe a student loan, I have no clue how they come up w/that #
-
-
Replying to @geekygirlsarah
If someone knows the magic formula, please let me know.
1 reply 0 retweets 0 likes -
Replying to @geekygirlsarah
@geekygirlsarah the key is knowing what day they apply the previous payment. apply daily rate to all possible values and 1 will be right1 reply 0 retweets 0 likes -
Replying to @EmilyGorcenski
@geekygirlsarah also need to know when they compound, etc.1 reply 0 retweets 0 likes -
Replying to @EmilyGorcenski
@EmilyGorcenski yeah, but what's THE formula? How is magic done?3 replies 0 retweets 0 likes
Replying to @geekygirlsarah
@geekygirlsarah Daily rate = Fixed APR divide by 365. Take balance prior to last payment, times number of days from billing to payment...
12:27 PM - 19 Feb 2016
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.