The Installment Loan Formula
This lesson explains how to use the installment loan formula to solve problems. Site: http://mathispower4u.com.
Determining the Monthly Payment of an Installment Loan
This video shows how to calculator the monthly payment for a fixed payment installment loan. http://mathispower4u.wordpress.com/
This calculator uses the N-ratio method to compute the annual percentage rate (APR) for an installment loan, given the amount of the loan, the total number of payment periods, the number of payments per year, and the total finance charges for the loan.
If you have taken out a loan and are paying it back in installments, you can calculate the annual percentage rate, or APR, based on the interest you are paying each month. In most cases, with an installment loan you pay the same amount each month over the course of the loan.
by Pete Low If you want to calculate the monthly payments on a loan, there's a handy little installment loan calculator below. Just plug in the amount of the loan, the annual interest rate and the length of the loan in months.
The Advanced APR Calculator finds the effective annual percentage rate (APR) for a loan (fixed mortgage, car loan, etc.), allowing you to specify interest compounding and payment frequencies. Input loan amount, interest rate, number of payments and financing fees to find the APR for the loan.
Home » Calculators » Installment Loan Calculator Do you have an installment loan? It could be for any purpose -- an installment loan is only a loan that has a payment schedule and a payment term of anywhere from a couple of months to thirty years at most.