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Calculate Monthly Loan Payments
For an online calculator, see:
http://matrixlab-examples.com/calculate-monthly-loan-payments.html
To download the presentation, go to:
http://www.slideshare.net/matrixlab/calc-monthloanpayments
How to calculate Monthly Loan Payments -- Business Math
This formula calculates the amount required as regular payment in order to pay back a loan over a specified period of time. The payments will be equal.
You must provide: the amount of the principal, the annual interest rate, the...
Related topics : loan calculator payment amount / calculating loan payments formula
How to calculate the simple interest on a loan (business math)
To see a calculator for loans on simple interest, see:
http://matrixlab-examples.com/simple-interest-formula.html
To download the presentations, go to:
http://www.slideshare.net/matrixlab/simple-interestformula
This is an explanation on how to calculate simple interest on a loan.
Simple interest is generally charged for borrowing money for short periods of time.
You have to know in advance:
1- The principal
2- The interest rate per year
3- The time in years.
I = Prt
A =...
Related topics : interest loan calculator / interest rates loan
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