Annual Payment Calculator

Use our online annual payment calculator to find the annual loan repayment based on the given input values. The annual loan repayment calculator will give an idea about how much interest you will need to pay on the loan. Calculating annual interest can help you figure out the best loan option you need. Provide the total loan amount, interest rate and number of years to find the annual repayment, which will let you know how much interest is added with the principal loan.

Annual Loan Repayment Calculator

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Use our online annual payment calculator to find the annual loan repayment based on the given input values. The annual loan repayment calculator will give an idea about how much interest you will need to pay on the loan. Calculating annual interest can help you figure out the best loan option you need. Provide the total loan amount, interest rate and number of years to find the annual repayment, which will let you know how much interest is added with the principal loan.

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Formula:

AP = r(P) / (1 - (1 + r) - n) Where, AP = Annual Payment P = Loan Amount r = Interest Rate n = Number of Years

Example:

Calculate annual repayment amount for a person who has loan amount of Rs. 5000 with an interest rate of 5% for 2 years.

Solution:

AP = r(P) / (1 - (1 + r) - n)
Annual Loan Repayment = 5000/(1-(1+5)-2)
= Rs 2689.02

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