Diminishing Balance Sample Computation for EasyPay ...
* Cardholder has no beginning balance on his first statement and makes EasyPay Installment transaction of P50,000 during the month * Add-on rate will vary depending on the payment term selected * Payment assumption is that the Cardholder will pay the monthly amortization (principal + interest) in 12 months INSTALLMENT LOAN AMOUNT PHP 50,000 ................
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