Thanks for the reply. I would like some clarification though.
on 1) In the event that the monthly repayment can be calculated as
PMT = Principal * rate * ((1 + rate) ^ term) / (((1 + rate) ^ term) - 1)
If Principal = 10000
rate = 0.1/12
term = 24
then PMT = 461.45
How exactly would a fee of say 100 be amortised across the schedule?
2. OK great that helps
3. Thanks for the info
Thank you for helping