F
fischer
Member
Could someone please provide a simple numerical example that shows how to derive the 2.55%? I understand that we don't have to show this in the exam and I know that we'd expect the effect of charges to be greater using monthly payments, just wanted to check that the 2.55% is indeed correct.
An Excel spreadsheet attachment would be brilliant.
Cheers
An Excel spreadsheet attachment would be brilliant.
Cheers