Loan Payment Amount
Online calculator for calculating the amount of the monthly loan payment. The calculation of the monthly loan payment is carried out according to the annuity formula.
Calculator of Loan Monthly Payment
Formula of monthly payment.
P = ( r * A ) / ( 1 – (1+r)-N)
- P = Payment Amount
- A = Loan Amount
- r = Rate of Interest (compounded)
- N = Number of Payments
Rate of Interest Compounded is,
- Monthly, r = i / 1200 и N = n * 12
- Quarterly, r = i / 400 и N = n * 4
- Half yearly, r = i / 200 и N = n * 2
- Yearly, r = i / 100 и N = n
people found this article helpful. What about you?