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Working out Interest


Ramseur
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Hi all

 

I need some expert advice: I am taking a debt collection agency to court and I need to know how to work out the interest of my claim.

 

I had been paying at the rate of £10 per month for 16 years.

 

 

Anyone?

 

Can you show the steps as there are other claims I need to make.

 

 

Ramseur

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Do you mean the s69 interest ?

Any typos spelling mistakes are due to leprechauns in my keyboard they move the letters around sometimes (amended just for Bookie)

 

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I offer help and advice in good faith, based on my knowledge and experience. I am NOT a legal or financial expert. There are many CAG members and site team who are better qualified. Please do not make major decisions based on my advice alone.I do not give advice via P.M's. If anyone can correct my mistakes or improve on my advice, please do.

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http://www.consumerforums.com/resources/templates-library/48-bank-templates/118-interest-calculation-spreadsheets these are the spreadsheets used for bank claims

 

 

I know that to work out the daily rate of s69 (8%) interest you use the total amount x 0.00022

Any typos spelling mistakes are due to leprechauns in my keyboard they move the letters around sometimes (amended just for Bookie)

 

"How do I...?" A Dummies' Guide to this Forum

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Forum rules

Cag toolbar

 

 

Please Donate if you can - help CAG help others

 

I offer help and advice in good faith, based on my knowledge and experience. I am NOT a legal or financial expert. There are many CAG members and site team who are better qualified. Please do not make major decisions based on my advice alone.I do not give advice via P.M's. If anyone can correct my mistakes or improve on my advice, please do.

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I did it for you on your previous thread using the FV function in excel

 

not recommended for beginners, and you need to know the correct parameters to get an accurate figure, which is why I could only give you 'approx' figures

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