Hi,
Can I just confirm that I am doing this the right way.
I had my first loan from citifinancial in 2003, but then re financed another two times so the loan just grew.
I am confused working out the payments, but I will get there.
I then add the amounts onto the the compound amount, I then add onto this the 8%?
Also looking at the paperwork included in the loan was arrangement fee of 75.00 the first time and 100.00 for the next two loans. Do I add this, or remove this payment in the calculations?
Thanks for all help you give, I must surely get to grips with this all soon!!!!!