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Type of Repayment Schedule

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No Repayment Plan

 

Do not create a repayment plan.

 

What rate to repay by a specified date?

 

Specify a date by which the debt must be paid in full or reduced to a specified level. This option will then calculate the size needed for each instalment. Example:

 

"What size instalment must the debtor make to pay a debt of $10,000 in six months if he makes equal payments every payday (every second Thursday) starting next week and if interest continues to accrue on the outstanding balance?"