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Author: dr funda
Time: 10/29/11 12:18 PST
This is a reply to message no. 21644 by PrimeDevil
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Current Topic:
C(r) in Loan Calculator

Hello,

We are sorry for the confusion. The little 'r' is not a subscrlpt. It is the annual interest rate divided by 1200 (a decimal representation of the monthly interest rate). The capital 'C' is the principal. Cr actually means C times r.

 

Regards,

eFunda Staff

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