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Loan payment is a function of the following:
Number of periods the loan will be payed (e.g. 36 months)
Interest rate per period
The loan amount
After having all of this use excel PMT function to calculate the payment
Wiki User
∙ 13y ago
Wiki User
∙ 10y agoOne may calculate a loan payment by using a loan calculator. One would need to know the interest rate, the length of the loan, and the amount borrowed. There are several places to look for a loan calculator online. If one types in loan calculators many types will pop up. Bankrate has loan calculators for practically every type of loan there is - home, auto, credit card, etc.
Wiki User
∙ 11y agodr. cash
cr. interst expense
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Could you inform me about loan repayment calculator?
A loan repayment calculator helps you figure out your monthly payment for any given month over the term of your loan. This is helpful if you have an adjustable rate mortgage or a balloon payment.
Where can I find information about calculating car payment?
Many websites that deal with automobile related issues have special calculators designed to help you figure out your car payment. BankRate.com and Cars.com both offer features that have you put in your car and loan information to figure out your payment.
What info do I need to use a vehicle loan calculator?
A vehicle loan calculator will typically generate your monthly payment. To get this figure, you will need the total cost of the car, the amount of cash you are putting down, the rate for your loan and the duration of your loan.
How can you lower loan payment for car?
You can lower your loan payment by refinancing your car loan. You can also negotiate with your current lender and see if he can reduce your payment amount.
Function takes rate payment and loan amount and outputs a monthly loan payment amount in excel?
The PMT function in Excel outputs a monthly loan payment amount.
What function in excel takes rate payment and loan amount and outputs a monthly loan payment amount?
The PMT function in Excel outputs a monthly loan payment amount.
Can you use a loan payment calculator to help manage your student debt?
You can use a loan calculator to help you figure out your student dept. Also you can do it yourself. Just figure out how much you owe and then how much you have already paid. Then subtract the two and you will get your sum of how much you owe now.
What is a loan payment calculator used for?
A loan payment calculator is used for helping you to calculate a monthly payment for any type of loan. You can use it for a mortgage, car, boat, cottage, etc.
A payday loan is a type of what?
Single Payment Loan
What is the monthly mortgage payment on a 250000 loan at 4.5 percent?
For a 30-year loan, the monthly payment will be $1,266.71
Function takes rate payment and loan amount and outputs a monthly loan payment amount?
PMT
How would a balloon payment effect interest on a loan?
how would a balloon payment effect interest on a loan
