Online calculator for calculating the number of loan payments. Calculation of the number of loan payments according to the conditions: loan amount, interest rate, monthly payment, frequency of interest calculation.
Сalculator of Loan payments
Formula for the number of loan payments
N = [ – log ( 1 – [ ( r*A ) / P ] ) ] / ( log (1+r) )
- A = Loan Amount;
- P = Payment Amount;
- r = Rate of Interest (compounded);
- N = Number of Payments.
Rate of Interest Compounded is:
- Monthly: r = i / 1200
- Quarterly: r = i / 400
- Half yearly: r = i / 200
- Yearly: r = i / 100
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