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calculator will compute a loan's monthly payment amount
based on the principal amount borrowed, the length of
the loan and the annual interest rate.
Instructions:
Enter the principal amount borrowed, length of the loan,
and annual interest rate. Click COMPUTE to generate
the dollar amount of monthly payments, or RESET
to clear the form. After computing the amount of monthly
payments, click on the "Create Amortization Schedule"
button to create a report you can print out. Note that
each time you change one of the loan's variables you
will need to recalculate the monthly payment before
creating the Amortization Schedule. Also note that you
may need to press CTRL-P to print the report once it
appears.
Important
Other than decimal points, do not enter any other non-numeric
characters (commas, dollar signs, etc.) in the entry
boxes. Doing so may cause a javascript error.
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