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BC-4.2.32

The meaning of letters and symbols used in the above formula are:

K is the number identifying a particular advance of credit;
K' is the number identifying a particular instalment;
Ak is the amount of advance K;
A'k' is the amount of instalment K;
Σ represents the sum of all the terms indicated;
m is the number of advances of credit;
m' is the total number of instalments;
tk is the interval, expressed in years between the relevant date and the date of advance K;
tk' is the interval expressed in years between the relevant date and the date of instalment K';
i is the APR, expressed as a decimal.
Added: October 2012