Calculating Interest Payments?

[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

 

[Peter Franks]

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?

http://www.1728.com/loanform.htm

 

[Jim Wooley]

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?

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