car loan vs housing loan

Now only i know...they are calculated differently.

Car loan is easy to calculate, but they very evil.

Housing loan is not-so-easy, but they are less evil, and fairer.

CAR LOAN
1. total money u need to pay back= principal x (( interest rate) x (number of years)} + principal
2.money need to pay back each month= total money u need to pay back/number of months

HOUSING LOAN
We learnt that in form 6 Mathematics 2.

or here

mistakes

Another wake-up call by michael.

Since i am a PTPTN recipient, I normally have huge amount of money in Bank Islam account which i m gonna to use up slowly. So, i will set aside some portion of it into fix deposit to earn some tiny interest.

Below are the interest rate offer by the bank:

Period	PSR Customer : Bank	Rate % p.a
1 month	45 : 55	2.00
3 months	45 : 55	2.00
6 months	45 : 55	2.00
9 months	45 : 55	2.00
12 months	50 : 50	2.22
15 months	52 : 48	2.31
18 months	52 : 48	2.31
24 months	54 : 46	2.39
36 months	56 : 44	2.48
48 months	58 : 42	2.57
60 months & above	60 : 40	2.66

In July, realising that i am not gonna to use my money till school starts, thus i put the the fixed deposit for 3-month period.

How stupid i am....I should put 1-month and let the compounding interst works....which i earn same amount of interest and also liquidity.