Support Help Center | Guide to Calculating Flat Rate Interest and Reducing Balance Rate
What is the Difference Between Flat and Reducing Interest Rate?
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SOLUTION: The table of conversion from flat interest rate to reducing balance interest rate is based on the formula F= (1+R)^n (nR-1)+1/ n(1+R)^n-n, where F is the flat rate per month, R
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How To Calculate Flat Rate Interest and Reducing Balance Rate
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