hi everybody , i am a banker , and i need help on the this please check the attached image. how they calculate the principle and profit columns , what's thier formula. the finance amount is 10k , for 3 years. the effective rate is 7% note, it's an islamic bank.
| +49 | How accurate is Suits? | 16 | 18h |
| +32 | I wish I went to an Ivy | 9 | 6h |
| +18 | How tall are you? | 24 | 13h |
| +13 | Trapped With No Way Out | 3 | 2d |
| +12 | Who is your current crush? | 25 | 12h |
| +11 | Deldeldel | 7 | 1d |
| +7 | Is there a solution to this spam? | 1 | 9h |
| +6 | Columbia GS Graduation timeline post transfer | 0 | 5h |
| +4 | For WSO users from NYC: What is your favorite NYC Football team? | 8 | 15h |
| +4 | Andrew Tate was arrested. Thoughts? | 2 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Iusto quam eligendi dolore ut neque est consequuntur quaerat. Harum aperiam est recusandae pariatur omnis. Excepturi neque molestias eius ipsam sunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...