I am developing a software for property investors, to help them work out the return on their investment over a 10 year period. It is almost completed but there is one more thing I need help with.
I need to calculate how the total loan amount reduces each year, and the amount of principal and interest paid each year. There are ‘loan amortization’ scripts that will do this.
You must understand the concept of principal and interest repayments, and how mortgage loans work.
I need to add, th…
