Monthly Loan Payments
At the bottom you can find an online
spreadsheet to calculate
monthly loan payments.
spreadsheet calculates the amount required as regular payments
in order to
loan over a specified time period. You
enter the principal,
rate charged, the number
of payments to be made per year and the number of years to
pay. This method
assumes all installment payments are equal.
This is a simple loan payment calculator
based on this formula:
annual interest rate
number of payments per year
number of years
use this as a home loan monthly payment calculator... Let's say that
you want to know what you must pay on a loan of $400,000 at 8% if
payments are do be made monthly for 10 years.
Just fill in the blanks of the calculator...
Interest Rate = 8%
Payments / yr = 12
Term in years
And the calculator delivers...
Payments = 4,853.10
calculator won't work.
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