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
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.