Financial · Calculator
Loan Calculator
Calculate monthly payments for any type of loan.
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Loan Calculator
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Compute monthly payments for personal, business, or other loans.
Formula
M = P × [r(1+r)^n] / [(1+r)^n - 1]Step-by-step
- r = annual rate / 12
- n = years × 12
- M = P × [r(1+r)^n] / [(1+r)^n - 1]
Example
A $10,000 loan at 8% for 5 years gives $202.76/month.
FAQ
How is loan payment calculated?+
Using the amortization formula based on principal, rate, and term.
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