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5
Number of calculations

Formula
N = [ – log ( 1 – [ ( r*A ) / P ] ) ] / ( log (1+r) )
 A = Loan Amount;
 P = Payment Amount;
 r = Rate of Interest (compounded);
 N = Number of Payments.
Rate of Interest Compounded is:
 Monthly: r = i / 1200
 Quarterly: r = i / 400
 Half yearly: r = i / 200
 Yearly: r = i / 100