Consider using a free online calculator for a straightforward method of calculating a loan amount. This tool can assist you in determining the loan amount.
Loan amount formula
A = ( P / r ) * [ 1 – (1+r)-N ]
- A = Loan Amount
- P = Payment 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
