I would like to know how the Associacion Certificate system functions with specific reference to : Intereses Reinvertidos - Please excuse spelling - I'm confused, as there seems to be a monthly interest payment, then a Reinvertodos payment.
Can someone give me an example of say :
100,000 pesos with a rate of 19%
The interest after 1 month = 100,000 X 19% / 12 = 1583.33
Then there seems to be a calculation for the 'Reinvertido' part ?
If anyone could make it clear for me I'd be very grateful
Paul
Can someone give me an example of say :
100,000 pesos with a rate of 19%
The interest after 1 month = 100,000 X 19% / 12 = 1583.33
Then there seems to be a calculation for the 'Reinvertido' part ?
If anyone could make it clear for me I'd be very grateful
Paul