For example, to purchase the double-storey semi-detched house in Pura Kencana Sri Gading which costs RM525,800, calculation as follow can be made :
*assume that the interest is 6.6%, and the number of years is 20 years,
Formula : 1/(1+i)ª
ª = number of years
Therefore,
1/(1+0.066) ²º
1/(1+0.066) ²º
= 1/(3.59041040487533)
= 0.27851969196672463687
0.27851969196672463687 X RM525,800
= RM 146446.00
To know bout the BANK LOAN, kindly click into the LOAN link given on the right hand side of the blog.
To know bout the calculation of the loan, please click into the link of HOUSING LOAN CALCULATOR. Clear calculations will be shown and you will be able to know how much do you need to pay per month if you want to make a house loan.
If you have any questions about the calculations, kindly leave a comment or PM to doubleliuwai@gmail.com