Loan amount
$
Interest rate
%
Number of years
Rate of interest compounded
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    7 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