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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...

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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 =...

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Related topics : interest loan calculator / interest rates loan