payments against accumulated simple interest

Thread Starter

samjesse

Joined Sep 14, 2008
212
Hello
I need to calculate and “line graph” the total money “levy” owed at any given time.
A levy comes due 4 times annually. Start of Feb, May, Aug. Nov.
30 days late payment bears until paid simple interest at an annual rate of 10 per cent.
In the past, partial payments have been made over time in such a way that subsequent levies came due. Also levy change took place at some time in the past.
This is not homework but a problem with our strata payments that I need to solve.

Thank a lot
 
Top