Calculating Interest Payments?

  • Thread starter Thread starter Charles A. Lackman
  • Start date Start date
C

Charles A. Lackman

Hello,

I am looking for assistance (or a control - Loan Calculator) that will
calculate monthly payments. Here is an example of what I am looking for (a
formula would work great).

7.25% for 48 Months

Purchase Price: 170,777.64
DownPayment: 0.00
Additional Cash Down: 0.00
Balance To Finance: 170,777.64

Monthly Payment: 4,109.25

What would be the mathematical equation for this?

Thanks,

Chuck
 
Charles said:
Hello,

I am looking for assistance (or a control - Loan Calculator) that will
calculate monthly payments. Here is an example of what I am looking for (a
formula would work great).

7.25% for 48 Months

Purchase Price: 170,777.64
DownPayment: 0.00
Additional Cash Down: 0.00
Balance To Finance: 170,777.64

Monthly Payment: 4,109.25

What would be the mathematical equation for this?
Click to expand...

http://www.1728.com/loanform.htm
 
Hello,
I am looking for assistance (or a control - Loan Calculator) that will
calculate monthly payments. Here is an example of what I am looking
for (a formula would work great).

7.25% for 48 Months

Purchase Price: 170,777.64
DownPayment: 0.00
Additional Cash Down: 0.00
Balance To Finance: 170,777.64
Monthly Payment: 4,109.25

What would be the mathematical equation for this?
Click to expand...

Luckily, in VB you can use the Financial.Pmt function and not need to worry
about the formula. It can also determine the Rate, FutureValue, PresentValue
and Term.

Jim Wooley
http://devauthority.com/blogs/jwooley/default.asp
 
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