I have a loan for $755,812 at 6.0% for 5 years. I put this in as pmt and got a montly payment of $14,611.98. The bank has a payment of $14,644.10.
I asked the bank why the difference and they said it was the difference between 360 days vs 365.
How do I calculate it to get their montly payment and make an amortization schedule with interest and principal?
Thanks
I asked the bank why the difference and they said it was the difference between 360 days vs 365.
How do I calculate it to get their montly payment and make an amortization schedule with interest and principal?
Thanks