Discount rate

yasaswi gomes (My grammar is 💯 good I)   (7290 Points)

18 June 2021  

Hi,

I was calculating the annuity factor from interest rate. I have amortised the loan and did the same using online loan amortisation calculator. There is a small difference in Principle, interest, total interest and total principle. 

I tried several calculators and the difference exists. Why is the online calculators total interest lower than Annuity factor calculations?

Formula= Loan amount/Last year annuity factor.