Forum Discussion
Helper IHelp calculating Loans, Interests and Principals
Hi, tzvetkov_b87
Thanks for Walt1010's reply. It's not clear what you're ultimately trying to accomplish. If someone takes out a loan of $1,000 on 1/5/2024 at an interest rate of 0.1 and a DurationInWeeks of 4 weeks, what should be the minimum weekly payment and what is the additional interest incurred if the payment is late the following week. I think you need to provide some tabular data without sensitive information to express all the possibilities to help me better understand your needs. Feel free to help you.
Best Regards,
Yang
Community Support Team
Helper IHi Yang,
You are correct. After a lot of fiddling about, and simply trying to come up with the logic....I figured out its impossible since I was not given clear instructions on how the loan interests are applied.
I have gone back to the client to ask for further clarifications.
Thank you though for responding 🙂