By Admin on Jun 12, 2009 in Personal Finance
mArQuiTa ChiKa asked:
how do you compute for your monthly amortization given the interest rate,principal amount plus the # of months to pay?
what is the formula to use?
thanks!
http://1mortgagecalculator.info
how do you compute for your monthly amortization given the interest rate,principal amount plus the # of months to pay?
what is the formula to use?
thanks!
http://1mortgagecalculator.info
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Just type in “amortization calculator” in google. Here’s the one I use:
Amanda | Jun 13, 2009 | Reply
go 2 google
snowboy789 | Jun 17, 2009 | Reply
“MSN money central” has a calculator for this plus many more !!
: )
Kitty | Jun 17, 2009 | Reply
go to and under mortgage calculators you just need to enter your info and it will show you the fully amortization P&I.
Jen G | Jun 17, 2009 | Reply
The original question was: *how do you compute* or *what is the formula* (not *how to find a mortgage calculator*).
The loan repayment process that is called ‘amortization’ (recalculating the interest and principal every month) is explained at:
The equation for the monthly payment is derived.
The exact formula is given.
Drink Wine | Jun 18, 2009 | Reply