Calculate payments on a loan
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.
Prefer to let the site do the arithmetic? Use the calculate payments form.
- HP-10B keystrokes
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1
12
P/YR
Sets twelve periods per year
- 2 30 N
- 3 8 I/YR
- 4 80000 PV
- 5 PMT = - 587.01
P/YR tells the calculator how many payments there are in a year. Set it first: 12 for monthly, 1 for annual. It stays set until you change it. The plain gold key is the shift key. Press it immediately before another key to reach the gold function printed above that key.