How do I calculate payments on a amortized loan?

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3 Responses to “How do I calculate payments on a amortized loan?”

1. One Tusk on: 20 June 2009 at 8:52 pm

   P = Payment
   i = Interest
   N = Number of payments
   A = Loan Amount

   P = (i * A) / (1 – ( 1 + i) ^ -N)

   So if you borrowed 20000 for 36 months at 5% or .05 / 12 about .0042 interest per month interest

   P= (.0042 * 20000) / (1 – (1 + .0042) ^-36)
2. hensen on: 20 June 2009 at 8:52 pm

   http://www.yona.com/loan/
3. 71.5% was added to an equipment lease by the lease company. Is this legally allowed? | Leasing Software on: 5 July 2009 at 11:49 am

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