Loan (given fixed monthly payment,months and monthly interest rate)

Formula

Loan (given fixed monthly payment,months and monthly interest rate) formula
L
loan
P
fixed monthly payment
n
months
c
monthly interest rate

Formula description

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. The most typical loan payment type is the fully amortizing payment in which each monthly rate has the same value overtime.

Calculator (how to use calculator?)

Loan (given fixed monthly payment,months and monthly interest rate) formula
P
n
c
L
Precision

Formula code

  • C
  • C#
  • C++
  • Java
  • JavaScript
  • LaTeX
  • PHP







References

  1. Wikepedia:Loan payment.

Comment or add more code

If you cannot find the formula or calculator you want, please tell us what you want and we will add it for you ASAP. If you want anything else or find any error on this page, please just let us know. If you know the formula in other languages, you are welcome to add it. Thanks for contributing to wikicalculator.com!
  • Comment
  • Add code for the formula
Please help us do better by providing your opinions(<= 500 characters):
Language:(<= 500 characters)