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Payment rate
Computes the rate (interest) for a given loan payment.
UNDER CONSTRUCTION |
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|
| Periodic payment |
$ (money unit) |
Periodic payment of loan
(typically monthly). • |
| Frequency |
/ year |
Freq. (no.) of payments (typically,
monthly). • |
| Duration |
years |
Loan duration. • |
| Present value, PV |
$ (money unit) |
Present value of loan (or "principal"). • |
| Rate |
Nominal
Effective |
Type of rate. |
| Rate in |
% |
Guess interval containing rate. • |
| Details |
No
Yes |
Show (monthly) details. |
| Show values |
No
Yes |
Show graph coordinates. |
Computes the interest rate
for a loan of present value (amount) PV,
for a given periodic payment (typically monthly),
with a given frequency (at the end of each period)
lasting a duration (see the "Loan paynent" plate).
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| References: |
Plate: LoanRate |
|
• Google search: "loan payment" calculation.
• 1906-10-30: Tikhonov, Andrey Nikolayevich
(1993-10-07). |
