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Loan Calculator

-----Loan=$-----Rate=annual-rate(.06=6%)

____________________________Loan____________Rate_________Months

Press:_ _______ ________ ________

_______ Months_______Factor_________Per Month______Sum of Payments___

________ ________ ________ _________________
Regular and equal payment to be made at end of each month to repay both interest on loan plus original loan amount. - from Compound Interest Tables - Michael Sherman Ph.D.
__________________n_______n___________________
____Factor = [ i( 1 + i) ] / [(1 + i) - 1 ]