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tonys


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Sum of Numbers or shortcut?
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Hi,
I recall an entry on The sum of numbers (From Shamus,I think).
What I have is a loan I need to calculate the interest on for a client.
I need figures for 09/10.(YE 31 March)
What I have is a start date of Aug 08 at a rate of 7.5% and I know the repayments are £227.80 per Month.
Balance as at August 10 is £7147
Loan over 5 years.
Can someone remind me how it goes or if anyone knows a shortcut as it did seam long winded.

Regards,

Tony.

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