Income annualisation calculator
Description
This calculator is a tool to determine borrowers’ annual income from the income that has been accruing for less than a full year accrued year to date.
Assumptions
- The start and end dates are included in the “Number of paid days”.
- From start date to next 365 days, if the range includes 29 February, will use 366 days, otherwise it will use 365 days.
- The calculator doesn’t convert between gross and net income. If input is gross income, the result is gross income.
KANEBRIDGE CALCULATORS
