Question 1

Fixed RateandDeclining Balancewhichgood？

Accepted Answer

Fixed Ratemonth，suitablecombineRevenue；Declining BalanceTotal interestfew，beforePeriodRepaymentlarge，suitablecombineRevenuehigh。

Question 2

LoanmonthhowCalculate？

Accepted Answer

Fixed Ratemonth=P×r×(1+r)^n/[(1+r)^n-1]，itsinPasLoan Principal，rasmonthRate，nasRepaymentmonthnumber。

Question 3

year(s)RateandmonthRatehowConvert？

Accepted Answer

monthRate=year(s)Rate÷12。e.g.year(s)Rate4.8%，monthRateas0.4%。