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Hi I am unable to figure out why the calculation uses 9/15
the figure i have for that is 6/12 x 21000thanks
sorry that was supposed to be 6/15 and i think i figured out the error..the amount should be reduced by the amount of years used so therefore that figure would now be computed as 9/15
Calculation as 28,800 – 21,000 x 9/15 =16,200
or 21000- 21000 x 6/15 = 12600
28800-12600 = 16200Hope you can understand now.
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