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Tutorial 4: Calculating the Payment Amount on a Loan.

Enter the numbers above in the boxes below. Do not enter a number in the box  next to “Compute”.

Try with different interest rates and different loan terms.

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? Answer = $804.65. As follows.