 |
|
means loan rates announced by the Bank - quoted by loan term |
 |
|
means period in months (one year has 12 months) |
|
|
|
means principal (amount borrowed from bank) |
|
|
|
means installment amount to be paid each month |
 ,  |
|
means a group of variables used in our calculations to make it easier to understand. We group all these variables in formulas and |
| |
|
|
 |
| |
|
|
| P |
: |
Principal 500,000 Baht |
| r |
: |
Interest Rate 7.5 % |
| t |
: |
Loan Period 20 years (12*20=240 months) |
| I |
: |
7.50/1200 | |
| |
 |
| |
|
| |
 |
| |
| Monthly Payment 4027 Baht | |
|
|
|
|
|
|
|
