Question 886006
your solution is shown below.
look below that for comments.
<img src = "http://theo.x10hosting.com/2014/jul0702.jpg" alt="$$$" </>
rembal is the remaining balance after the interest has been accrued and the payment has been made.
pmt is the payment
int is the interest
pmt+int is the total payment made which includes the principal plus the interest that is due.
for example:
march shows a remaining balance of 900.
that remaining balance is equal to the 1000 in january plus interest of 120 that accrued from january to march minus payment of 220 made in march.
the payment in march included the principal which was 100 and the interest due which was equal to 120.