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Interest rate calculator?


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I wonder if someone with knowledge of interest rates and loan agreement calculators could look at the attached agreement and tell me if the rates are worked out correctly please?

 

To get the monthly payment they state of £721.95 @ 13.44% the loan total works out at £55778 in my calculations, but the loan was actually £64460. Could someone check this over for me and let me know where I might have gone wrong..

Anyone any opinions on it's enforceablitly too?

 

Thank you

 

SC

Loan Agreement.pdf

Edited by Smarterchick
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