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Last week I wrote about the TAC (total annual cost) which is an equation that calculates as we rob banks charge interest .
Someone was kind enough to leave a link to your own blog, very informative but at least inaccurate to say that the "CAT is possible to calculate uncomplicated."
False. The Lord who is master of public administration and will probably look easy calculated. Here's the hilarious way that is calculated ... gentlemen, I present to CAT, with a simplicity that allows Juan Pueblo calculate that both will owe the bank at the end of the j-th period after you have made your payment kth Or was the jth available? In short, clear as water and everything in finance:

Where ... Really worth explaining? Apply best dose of crack and methamphetamine, have strongly supported a bachelor's degree in mathematics (at least some engineering, please) and go to the site of the Bank of Mexico where they have the full explanation . That just Condusef and "information" will serve as pure hell anything.
No, it is not easy to calculate. It's easy for someone calculate it ... in case the same bank.
The following is a brief dialogue with a great friend of mine who lives in USA:

Gerardo: Zaz, I just got my statement from one of the cards. Alejandro
: What about? Gerardo
: 7.65%
Alejandro: Not bad! Gerardo
: "Monthly? Alejandro
: No mames! Here's a 30% interest and that scandal is in full crisis.

Not to mention the lovely practice of usury anatoicismo, which is charging interest on interest.

More on usury bank when I pass the tantrum.


Espartaaaaa This is Mexico!