Actuarial method –
A method for finding out the amortisation of the principal invested in any periodic repayment. The method uses the implicit rate of return to find out the income earned during the period, and treats the balance as amortisation.
Actuarial method –
A method for finding out the amortisation of the principal invested in any periodic repayment. The method uses the implicit rate of return to find out the income earned during the period, and treats the balance as amortisation.