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Loan Payment Calculator

Loan Amount (A) :
Payment Amount (P) :
Rate of Interest (i) : %
Rate of Interest Compounded



Number of Payments (N) :

 
   
  
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Number of Payments on a Loan Formula.

N = [ - log ( 1 - [ ( r*A ) / P ] ) ] / ( log (1+r) )

Where,
P = Payment Amount
A = Loan Amount
r = Rate of Interest (compounded)
N = Number of Payments

Rate of Interest Compounded is,
If Monthly,
r = i / 1200

If Quarterly,
r = i / 400

If Half yearly,
r = i / 200

If Yearly,
r = i / 100

This tool will help you dynamically to calculate the number of payments on a loan.