Let us say someone borrows 1,000 from you. 12 months to pay. 10% interest. Ignore the dollar sign. Think of it as Pesos.
If you receive additional payments from your borrower, the software will recalculate everything for you in a blink of an eye. Check additional payment of 100.00 below.
You can control the Payment due amount depending on the agreement between lender and borrower. Let us say borrower wants to pay 200 every month instead of 146.76
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