Purchase this Calculator for your Website

 Share |   


Loan

Loan is a borrowed amount of money that is repaid at regular intervals, where interest is compounded at the payment frequency. Loan formula can be used to calculate the loan payment, the loan balance, the interest rate, and the total number of payments. Use the loan calculator below to solve the formula.

Loan Definition

Loan is a repayment of principal while interest is being applied to the outstanding balance. Each payment is blended, consisting of both interest and principal.

Variables

Pmt=Payment Amount
B=Balance outstanding
K=Period interest rate
N=Total number of payments

 


Loan Formulas

 

 

 

Loan payment formula

 

 

 

 

loan balance formula

 

 

 

Interest Rate solved by iteration

 

 

 

 

 

loan n payments formula




HTML Comment Box is loading comments...