For an online calculator, see: matrixlab-examples.com To download the presentation, go to: www.slideshare.net How to calculate Monthly Loan Payments -- Business Math This formula calculates the amount required as regular payment in order to pay back a loan over a specified period of time. The payments will be equal. You must provide: the amount of the principal, the annual interest rate, the number of payments per year, and the number of years to pay. P = principal, i = annual interest rate, N = number of payments per year, Y = number of years, R = regular payments This is an example... what must you pay on a loan of 000 at 8% if payments are to be made every month for 10 years? There's an online calculator for this purpose. Regular payment calculations are found very easily. Thank you for watching!
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Pay monthly loans can get you enough cash to fulfill small-term needs. Being unsecured loans, you do not have to pledge collateral while you apply for them.
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