Loan Payment Amount Calculator
Online calculator to calculate payment amount for a loan.
Loan Payment Amount Calculatorr
Code to add this calci to your website
Just copy and paste the below code to your webpage where you want to display this calculator.
Loan Payment Amount Formula.
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,
r = i / 1200 and N = n * 12
r = i / 400 and N = n * 4
If Half yearly,
r = i / 200 and N = n * 2
r = i / 100 and N = n
This tool will help you dynamically to calculate the payment amount on a loan.