Figuring the payment amount on a
loan.
Example 4. You want to borrow $100,000 over
30 years (360 months),
12 payments a year at 9% p.a. How much are your payments?
Enter the numbers above in the boxes below. Do not enter a number in the box
next to "Compute". Then click "Compute".
Answer= $804.65. Try with different interest rates and different loan terms.
