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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.

Principal balance of the loan? (in $.c)
Interest rate per yr? (in %)
Number of payments  (30 Yrs=360, 15 yrs =180)
Number of payments per yr?
Payment amount (usually monthly) ? (in $.c)
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