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-12C keystrokes
- 1 30 g n
- 2 8 g i
- 3 80000 PV
- 4 PMT = - 587.01
Enter each number first, then press the key shown beside it. g is the blue shift key — press it immediately before n or i to enter the term in months rather than years.