Formula Home Finance Financial Terms Money Factor Calculators Loan (typical) Loan (advanced) Canadian Mortgage Lease (typical) Lease (advanced) APR (typical) APR (advanced) Resources Bibliography

Learn the best principles to negotiate the salary you deserve!

Metal 3D Printing Design Guide

Direct Metal Laser Sintering (DMLS) 3D printing for parts with reduced cost and little waste.

STEM Career Outlook

Wages, employment opportunities, and growth projections for STEM jobs.

Selecting the Right 3D Printer

Discover how to choose the right 3D printer for your needs and the key performance attributes to consider.

more free publications
 Scenario 1: Find the Monthly Payment Loan Amount (C):  Interest Rate % (R):  Number of Months (N):  Monthly Payment (P): Interest rate R% is always a yearly figure. However, in most loan situations it is compounded monthly. In this calculator the monthly payment is calculated by the following formula where r = R/1200:
 Scenario 2: Find the Interest Rate Loan Amount (C):  Monthly Payment (P):  Number of Months (N):  Interest Rate % (R): For given C, P and N, one can only solve the following equation for r by numerical means. Given the rather smooth behavior of this equation, this calculator employs the Newton-Raphson method with an educated initial guess:
 Scenario 3: Find the Number of Payments Loan Amount (C):  Interest Rate % (R):  Monthly Payment (P):  Number of Months (N): This calculator figures out the number of months N by the following closed-form expression: Notice that N has to be an integer, so the monthly payment P might be slightly adjusted to satisfy this condition.
Glossary

Learn the best principles to negotiate the salary you deserve!

Metal 3D Printing Design Guide

Direct Metal Laser Sintering (DMLS) 3D printing for parts with reduced cost and little waste.

STEM Career Outlook

Wages, employment opportunities, and growth projections for STEM jobs.

Selecting the Right 3D Printer

Discover how to choose the right 3D printer for your needs and the key performance attributes to consider.