0
You need to start with total amount owed, total monthly payments, and annual interest.
FORMULA:
Payment = (Loan amount x Interest) ÷ (Payments per Year x (1 - (1 + (Interest) ÷ Payments per Year)) raised to the power of negative Payments per Year x Length of Loan)))
Or, you could just use Excel and use the PMT function:
PMT(interest_rate,number_payments,PV,FV,Type)
interest_rate = interest rate for the loan
number_payments = number of payments for the loan
PV = present value or principal of the loan
FV (optional) = future value or the loan amount outstanding after all payments have been made. If this parameter is omitted, the PMT function assumes a FV value of 0.
Type (optional) = when the payments are due. Type can be one of the following values:
- 0 = payments due at end of period (default)
- 1 = payments due at beginning of period
What else can I help you with?
What shows how installment loans are calculated?
amount financed= cash price- down payment
How do you calculate water percentage?
Measure the amount of water: by volume or mass or whatever. Measure the total amount in the same units. Divide the first by the second and then multiply by 100.
How do you calculate tip for server?
The custom varies from one country to another. There is sometimes a conventional percentage of the total amount that is given.
How do you calculate vat in south Africa working backwards ie you've got the total of R1250 what is the amount less vat?
1096.50
How do you find the total cost of a item with tax?
First you calculate the amount of the tax on the item. Then you add together the original cost of the item and the tax.
How do you calculate percent abundance for silicon?
You calculate the total amount of whatever it is that you want to find the silicon abundance for. Then you calculate the amount f silicon in that. Then percentage abundance of silicon = 100*amount of silicon/total amount Typically the amount would be measured as the mass.
How can I calculate the total interest paid on my mortgage?
To calculate the total interest paid on your mortgage, you can use the formula: Total Interest Total Payments - Loan Amount. This means you subtract the initial loan amount from the total amount you will pay over the life of the loan. This will give you the total interest paid.
You want to buy laptop by installment in thane What are installment amount per month?
To buy a laptop in Thane in installment,the monthly installments will depend with the price of the laptop.
How do you calucate percentage?
The simple way to calculate percentage is to divide the given amount by the total amount and then multiply the answer by 100 to get the percentage of the given amount in respect of the total amount
How do you calculate a pro rata investment?
To calculate a pro rata investment, divide the amount of money you are investing by the total amount being invested, then multiply that fraction by the total value of the investment. This will give you the proportional amount of the investment that you own.
How do you calculate PAR levels?
par = (total outstanding or portfolio - delequent amount)/ total portfolio or total outstanding
Is the amount added to the principal of a loan by the lender?
interest
How do you calculate capital in a balance sheet?
To calculate capital in a balance sheet, you subtract total liabilities from total assets. This gives you the amount of capital or equity that the company has.
How to calculate the amount of caffeine in coffee?
To calculate the amount of caffeine in coffee, you can multiply the number of milligrams of caffeine per ounce by the total number of ounces of coffee consumed.
What is the installment price minus the down payment equal to?
amount financed
Types of recurring deposit?
Recurring deposit can be classified into two types: 1. Fixed Recurring Deposit: In this the installment amount remains fixed for the entire tenor of RD from the time of booking. 2. Flexible Recurring Deposit: In the installment amount can be changed during any part of the tenor as and when the customer decides to increase or decrease his installment amount.
How do you calculate networth?
Net worth = Total Assets - Total liabilities It is the remaining amount which is net worth for owners.
