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Money Talk :: – Calculate monthly loan payment with the. – · Calculate monthly loan payment with the 365/360 method. Anyone know what the formula is to calculate a monthly loan payment for the 365/360 method (Actual/360), when given the loan amount, rate and loan period? Details below: I’m trying to build a commercial loans calculator that uses the 365/360 method. I believe it is also known as Actual/360.
PDF Loan Interest Calculation: 360/365 Daily Interest – CU*Answers – Loan Interest Calculation: 360/365 Daily Interest For Credit Union Business Lending . I. NTRODUCTION. Recently there has been a new focus for credit unions on business lending. It is popular in the marketplace for business loans to be calculated using a 360/365 daily interest instead of the standard 365-day method. CU*BASE