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
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amount financed= cash price- down payment
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.
The custom varies from one country to another. There is sometimes a conventional percentage of the total amount that is given.
1096.50
First you calculate the amount of the tax on the item. Then you add together the original cost of the item and the tax.