Do you require information about your periodic loan payment? Utilize the calculator provided below to ascertain the recurring payment sum. Just input the loan amount, the interest rate, and the term. The calculator will then furnish you with the regular payment amount.
Loan Payment Amount formula
![\[P = \frac{rA}{1 - (1+r)^{-N}}\]](https://x-calculator.com/wp-content/ql-cache/quicklatex.com-51b83c46fc3af9ab922d8dedf2d743ee_l3.png "Rendered by QuickLaTeX.com")
where:
- P - is the principal amount of the loan.
- A - is the monthly payment amount.
- r - is the monthly interest rate (expressed as a decimal).
- N - is the total 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
