# Loan Payment Amount Calculator

Online calculator to calculate ** payment amount ** for a loan.

Code to add this calci to your website

#### Loan Payment Amount Formula.

P = ( r * A ) / ( 1 - (1+r)^{-N})
Where,
P = Payment Amount
A = Loan Amount
r = Rate of Interest (compounded)
N = Number of Payments
Rate of Interest Compounded is,
If Monthly,
** r = i / 1200 and N = n * 12**
If Quarterly,
** r = i / 400 and N = n * 4**
If Half yearly,
** r = i / 200 and N = n * 2**
If Yearly,
** r = i / 100 and N = n **
This tool will help you dynamically to calculate the payment amount on a loan.

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