The monthly loan payment calculator can be used to calculate the expected monthly repayment on a loan. The interest rate used for this calculation is the yearly interest rate and it should be noted that it assumes that the interest is compounded monthly - this is often the case for most situations.

Financial Assessment

The above financial calculator does not account for all mathematical and financial theory limitations. The financial calculators have been provided with educational purposes in mind and should be used accordingly. As with all calculations care must be taken to keep consistent units throughout with examples of units which should be adopted listed below:

Notation

• C = Loan amount under consideration, as a dollar value
• R = Annual interest rate, as a percentage
• N = Repayment Periods, in months
• P = Monthly repayment, as a dollar value