# 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 ΠΈΒ N = n * 12** - Quarterly,
**r = i / 400 ΠΈΒ N = n * 4** - Half yearly,
**r = i / 200 ΠΈΒ N = n * 2** - Yearly,
**r = i / 100 ΠΈΒ N = n**

people found this article helpful. What about you?