THIS WILL
CALCULATE: If you know the loan
amount and the annual interest, this will calculate your periodic payment.
EXAMPLE:
You borrow $80,000 and agree to pay it back in
equal monthly payments over 30 years at 8% interest, what is your
periodic payment.
Please
note: The result is a negative number
because it is a cash outlay. |
|
12 |
![](../images/gold.gif) |
![](../images/pyr.gif) |
Sets period per year |
80000 |
![](../images/pv.gif) |
|
![](../images/pmt.gif) |
- 587.01 |
|