MONTHLY AMORTIZATION OF 1M LOAN WITH 7% INTEREST PER ANNUM FOR 15 YEARS TERM OF PAYMENT?

amortization
Alma asked:


pls. help me compute how much will i pay for the monthly amortization of a 1M loan w/ 7% interest per annum with a 15 years term of payment, if interest is computed based on diminishing balance…pls help me I already forgot the formula for the computation of interest based on diminishing balance of loan.

http://1mortgagecalculator.info

2 Responses to MONTHLY AMORTIZATION OF 1M LOAN WITH 7% INTEREST PER ANNUM FOR 15 YEARS TERM OF PAYMENT?

  1. Gaytheist Buddha
    February 14, 2010 at 1:12 am

    You should purchase a business financial calculator for about $20. Lots of free websites to help too. Check out

  2. AMANDA FISHER
    February 16, 2010 at 6:28 pm

    Hi, my name is Amanda fisher, i was in serious need of financial aid due to the current global financial melt down finding such was very difficult. i was so desperate even to the extent that i got scammed to the tune of eight thousand dollars.($10,000 dollars).
    But God finally came to my rescue when i came across Mr William Smith who eventually secured for me the loan that i have so desperately wanted. You can reach him via email on

    PLEASE TELL HIM THAT AMANDA FISHER FROM CANADA REFER YOU TO HIM

    N.B; Please be careful while searching for financial assistance because there are fraudsters surfing the internet looking for people to swindle of their hard earned money

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