I've accumulated extra funds and am looking at loaning some money out. A couple of questions for the group that I'm currently researching:
1) How do you compound the interest (daily, monthly)?
2) When they make the payment, how do you adjust the principal paid vs interest and set up the new payment for the next month?
Any recommended links to use over the life of the loan (likely to be about 10 years)?
Looking for any insights from those here that may have done this to help their gold...
How to loan someone money?
from How to loan someone money?
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