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Loan payment
  Computes the (constant) payments for a loan at a given interest rate.
2024.Nov.25 03:31:59
Interest rate % / year Interest rate (typically) per year. •
Frequency / year Freq. (no.) of payments (typically, monthly). •
Duration years Loan duration. •
Present value, PV $ (money unit) Present value of loan (or "principal"). •
Rate Nominal Effective Type of rate.
Details No Yes Show (monthly) details.

Computes the constant payments for a loan of present value (amount) PV, at a given interest rate, based on periodic payments, with a given frequency (at the end of each period) lasting a duration (resembling the Excel function PMT). (1.st ed. Aug-1999)

References: Plate: LoanPayment

• Google search: "loan payment" calculation.

• 1858-08-27: Peano, Giuseppe (1932-04-20).

 
 
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Created: 1999-08-27 — Last modified: 2013-10-29