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Mathematical calculators Physical calculators Economic calculators Other calculators

 

Amortizable

 

 

Amortizable

Annuity = Regularly recurring amount

PV = Present Value

i = Interest Rate

n = Number of Periods

WHAT IS IT ?

Amortizable determines the amount that must be regularly repaid for a loan over a certain period at a certain interest rate.

 



 

 

 

CALCULATION:

Enter the currency you want to calculate in, e.g., Eur

Enter the loan amount

Enter the annual interest rate for the loan

Enter the loan term in years or months

EXAMPLE:

A company wants to borrow 50,000 Eur from the bank at an annual interest rate of 6%. The loan should be repaid over 4 years with regular annual payments. How much will the regular annual payment be?

We use the formula given above:

annuity = 50,000 * (0.06 / (1 - (1 + 0.06)^4))

annuity = 14,429.57

The annual payment is therefore 14,429.57 Eur.

 



 

 



 

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