Soylent your figure of 1616 is actually correct. Rob has a small error in his formula, he used 2.5 as the interest instead of 2.05. Also KBC use a 360 day interest period therefore the AER of 2.05 actually becomes 2.02 for calculations.
90,000*0.0202*1.5*0.59 = €1608.93 NET
The reason you...