Amortization for retail loan

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7 years 11 months ago - 7 years 11 months ago #19239 by Safayet Tipu
Amortization for retail loan was created by Safayet Tipu
Hello,

In our t24 r06 amortization schedule is different than any other amortization schedule found in excel 2007 or in Internet. For example,
Loan amt = 500000, Interest rate = 15%, tenure = 3 years results 17387.97 in T24 whereas everywhere it results 17332.66

Can anyone please explain why is the difference???
Last edit: 7 years 11 months ago by Safayet Tipu. Reason: Grammatical mistakes

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