As being a starting point, you must compute the equivalent rate, which happens to be modified for compounding frequency. Because, during the current case, the payment frequency plus the compounding frequency coincide, the equivalent amount equals the provided desire charge. If you want to Test the formula for this calculation, https://seachemgarlicguard500ml13221.wssblogs.com/35178754/5-tips-about-126-loan-you-can-use-today