Please need your help
Loan of 100,000 rate 3.65% for 10 years and a balloon of 10,000
The first two years the rate is 3.50% and from the third year to 10th for every year increase 0.5% (3th = 4.00%, 4th 4.5% etc).
I cannot use the PMT as this formula is for fix rate.
Thank you in advance.
Loan of 100,000 rate 3.65% for 10 years and a balloon of 10,000
The first two years the rate is 3.50% and from the third year to 10th for every year increase 0.5% (3th = 4.00%, 4th 4.5% etc).
I cannot use the PMT as this formula is for fix rate.
Thank you in advance.
