02-28-2007, 08:20 AM
Thanks for the assistance.
I worked the repayment and capital amounts out by subtracting the total
payments made to the finance company from the total loan amount of the loan agreement.
Using the sum of digits method - I allocated the each repayment out throughout the duration of the lease and seperated it between capital and loan interest repayment.
Thanks again.
I worked the repayment and capital amounts out by subtracting the total
payments made to the finance company from the total loan amount of the loan agreement.
Using the sum of digits method - I allocated the each repayment out throughout the duration of the lease and seperated it between capital and loan interest repayment.
Thanks again.