Loan Payment Calculator
Loan Payment Calculator to calculate the number of payments for a loan.
Code to add this calci to your website
Number of Payments on a Loan Formula.
N = [ - log ( 1 - [ ( r*A ) / P ] ) ] / ( log (1+r) )
P = Payment Amount
A = Loan Amount
r = Rate of Interest (compounded)
N = Number of Payments
Rate of Interest Compounded is,
r = i / 1200
r = i / 400
If Half yearly,
r = i / 200
r = i / 100
This tool will help you dynamically to calculate the number of payments on a loan.