Payment amount
$
Number of years
Rate of interest
%
Rate of interest compounded
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    36 Number of calculations
    |

    Formula

    A = ( P / r ) * [ 1 – (1+r)-N ]

    • A = Loan Amount
    • P = Payment Amount
    • r = Rate of Interest (compounded)
    • N = Number of Payments

    The rate of Interest Compounded is:

    • Monthly:  r = i / 1200 и N = n * 12
    • Quarterly: r = i / 400 и N = n * 4
    • Half-yearly: r = i / 200 и N = n * 2
    • Yearly:  r = i / 100 и N = n