Loan Payment

Example #1: What would be the monthly payment on a $100,000 loan over 30 years if the interest rate is 8% compounded monthly?

Enter the following values in the input fields:
Present Value = 100,000
Future Value = 0
Periods = 360 (i.e. 30 x 12 = 360)
Periods/Year = 12
Interest Rate = 8
Set Payment/Deposit Timing for End.

Now click the Payment/Deposit button. Result: Payment = -733.76. See the screen snapshot of this calculation below:

Example #2: What would be the biweekly payment on a $50,000 loan over 14 years if the interest rate is 9.5% compounded biweekly?

Enter the following values in the input fields:
Present Value = 50,000
Future Value = 0
Periods = 390 (i.e. 26 X 15)
Periods/Year = 26
Interest Rate = 9.5
Set Payment/Deposit Timing for End.

Now click the Payment/Deposit button. Result: Payment = -240.74. See the screen snapshot of this calculation below:

Example #3: How long would it take to pay back a $50,000 loan if the interest rate is 9.5% compounded biweekly with biweekly payments of $300?

Enter the following values in the input fields:
Present Value = 50,000
Future Value = 0
Payment/Deposit = -300
Periods/Year = 26
Interest Rate = 9.5
Set Payment/Deposit Timing for End.

Now click the Periods button. Result: Periods = 257.45. With 26 periods per year this equals about 9.9 years. See the screen snapsnot of this calculation below:

Example #4: What would be the monthly payment on a $100,000 loan over 15 years if the interest rate is 9.25% compounded monthly?

Enter the following values in the input fields:
Present Value = 100,000
Future Value = 0
Periods = 180 (i.e. 15 X 12 = 180)
Periods/Year = 12
Interest Rate = 9.25
Set Payment/Deposit Timing for End.

Now click the Payment/Deposit button. Result: Payment = -1,029.19. See the screen snapshot of this calculation below:

Examples

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