Simple calculation?
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Hi
I am using the calculation slider which uses the formula –
%loan_amount% * ( ( %rate% / ( 12 * 100 ) ) / ( 1 – pow( ( 1+ ( %rate% / ( 12 * 100 ) ) ) , (-1 * %months% ) ) ) )
This gives a compound rate output, but I want a flat rate output.
I’ve tried and failed to work out the formula change I need. Help!
Thanks
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