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Number of calculations
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Formula
P = ( r * A ) / ( 1 – (1+r)-N)
- P = Payment Amount
- A = Loan 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