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.
CAclubindia
