Hi,

does anyone have an algorithm for loan repayments?

For example, a $10000 loan, with interest of 5%pa, but calculated daily, and repayments of $200 a month? (of course, those have to be variables).

I've search this forum, and googled too, but with no luck. I know it's not rocket science, I'm just a bit hungover and my client wants it asap!

cheers.