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G06

Loan

Equal-payment amortisation with grace periods and prepayment, and a full schedule to check.

WHAT IT WILL NOT DO

  • Estimates only: day-count conventions, prepayment penalties and compounding dates are ignored.
  • The effective rate covers principal and interest, so it is not the lender-published APR.
  • Two rate stages and monthly payments at most; for investment compounding use G07.