Payment Calculator
Solve for any loan variable — payment, amount, term, or rate
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Uses the standard loan amortization formula M = P·r(1+r)ⁿ/((1+r)ⁿ−1). Rate finder uses Newton's method (binary search) to converge on the interest rate.
Solve for any loan variable — payment, amount, term, or rate
Uses the standard loan amortization formula M = P·r(1+r)ⁿ/((1+r)ⁿ−1). Rate finder uses Newton's method (binary search) to converge on the interest rate.