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    • calculate monthly loan payments FAQ

    Calculate monthly loan payments with formula Pe^rt?

    Jun 20, 2011 by William | Posted in Credit

    I'm writing a program that needs to calculate monthly loan payments over a given number of years at a given interest rate compounded continuously with the formula Pe^rt, where

    P = principal (amount borrowed)
    r = interest rate

    The formula you are using is for computing the continuous growth on a fixed one time deposit ( P ). and the __ e __ is Euler's number, 2.71828 - so you must be starting with a value of 100,000 {and maybe rate and time = 1; idk and you did not say.}
    SumDude | Jun 20, 2011

    How do I calculate monthly payments for a loan with interest?

    Apr 25, 2010 by peggyc | Posted in Personal Finance

    How do I calculate monthly payments for a $15,000 loan over 24 months with 8%, 9%, or 10% interest

    Search online for a loan amortization table or a loan calculator. Many sites offer loan calculators to show the monthly payments. An amortization table would be more "do it yourself", but it will probably show you more information, like how

    Alex | Apr 26, 2010

    Search online for a loan amortization table or a loan calculator. Many sites offer loan calculators to show the monthly payments. An amortization table would be more "do it yourself", but it will probably show you more information, like how
    Alex | Apr 26, 2010

    What is the formula to calculate monthly payments on a loan?

    Jan 06, 2011 by ShadyGrady | Posted in Homework Help

    Find the periodic payment R of a loan with present value PV and an annual interest rate r for a term on t years, with payments made and interest charges 12 times a year.

    PV= 18,000
    r= 5.4%
    t= 6

    the formula is

    R = [PV(r/12)(1+r/12)^72]/[(1+r/12)^72 - 1]

    where r=0.054 since you have to express the percents as a decimal. the 72 is because 6 years = 72 months. with the numbers you gave, R = $293.24.

    Here

    | Jan 07, 2011
    Calculate monthly payments you would have to make to the bank if an unsecure loan was granted.?

    Apr 11, 2009 by Ali S | Posted in Personal Finance

    Calculate the monthly payments you would have to make to the bank if a unsecured loan was granted at a rate of 8 per cent a year, over 4 years. Include both the interest and the capital sum of $35,000

    35000 x .08 = 2800
    Add that interest to the principal sum....35000 + 2800 = 37800
    37800 x .08 = 3024
    Add that interest to the previous sum....37800 + 3024 = 40824

    Continue doing that two more times....
    44090

    Casey | Apr 15, 2009

    calculate monthly loan payments news

    84pc of students pay off their PTPTN loans

    18.05.12

    KUALA LUMPUR: THE repayment rate for   National Higher Education Fund Corporation (PTPTN) loans has  skyrocketed to a high of 83.72 per cent as of Feb 19 this year.

    PTPTN chairman Datuk Ismail Mohamed Said said awareness among the 1.95 million borrowers to repay their loans was increasing day by day.

    "We have gathered quite a sum of loans back from the borrowers after the introduction of various repayment methods which made it easier for them to repay their education loans."

    Ismail said there was an outstanding RM6.75 billion from the RM43.6 billion in loans given. However, a quick calculation showed that the amount was much lower than that due to a few reasons.


    Source: New Straits Times

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