How Daily Simple Interest Works - OneMain Financial - Formula to calculate car payment

the beginning of the payment periods • The ﬁrst payment is made at time 0, and the last payment is made at time n−1. • We denote the present value of the annuity-due at time 0 by ¨anei (or ¨ane), and the future value of the annuity at time n by s¨nei (or s¨ne). • The formula … ................
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