Hi, I have an interesting dilemma I need help with.
I have a contract that has a clause to charge 15% annual interest calculated semi annually.
The catch here is that it should not compound.
Can this be done? if yes how would this be done.
There is no set time to repay.
Thank you
I have a contract that has a clause to charge 15% annual interest calculated semi annually.
The catch here is that it should not compound.
Can this be done? if yes how would this be done.
There is no set time to repay.
Thank you