Hi, first of all sorry for my bad English.

I really need this Loan Calculation formula, because Im being doing this all day long.,

Really appreciate those who master on Loan, accounting or Math can solve my problem.

I attached the result of Loan Calculation .

How this result works is, you borrow $1000 for 1 year and the Interest is 8%, this is for 1 year term repayment. But if you borrow $1000 for 2 year term the interest will be double = 16%.

So if you have 3 year term then the interest will be triple.

How am I going to get this type of result by with formula.?

Thank you for you help.

1.JPG

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