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Finance Calculator
The Finance Calculator calculates, to the nearest round dollar, the monthly payment expected.
If your quote is more than a few dollars above the calculation shown it may pay you to obtain further quotes.
Important Note: Only enter data in the
green cells
.
AMOUNT OF LOAN
Enter in green cells only
Number of years in loan
(payments at end of period)
Interest rate per annum
Number of payments per year
First payment number in period
Last payment number in period
OPENING BALANCE
Before payment number¦
Add: Interest charges for period
= OPENING BALANCE + INTEREST
Less: Total payments in period
CLOSING BALANCE
After payment number¦
PRINCIPAL REDUCTION
:
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