I know to use the applicable federal rates to find the imputed interest, but I’m not sure if there if there is a specific way to calculate. Assume a $20,000 short-term (1-3 year) demand loan. Thank you!
Posts Tagged ‘Calculated’
How Do I Calculated The Imputed Interest On A Short-term Loan?
January 26th, 2010How Is The Interest Paid On Educational Loan Calculated From The Repayment?
January 25th, 2010I repaid rs 34000/- towards my educational loan so far this year. How can I calculate the interest paid towards the loan as that is the amount which can be used for tax rebate? when I asked the bank for tax certificate, they simply add up the interest charged to the account in the year which I think is wrong as the rebate is for the interest paid and not the interest charged.Please help.
