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what is the formula to calculate a car loan payment. The Monthly Payment is 48915. P number of payment periods per year.
Car Loan Formula Excel Best Of Auto Loan Calculator Free Auto Loan Payment Calculator Car Loan Calculator Loan Calculator Car Payment Calculator from www.pinterest.com
Use our Car Payment Calculator to assess the amount of your monthly car payment. If you have an interest-only loan calculating loan payments is a lot easier. P number of payment periods per year.
To accomplish this divide your APR by 12 the number of months in a year.
Also explore hundreds of calculators addressing other topics such as loan finance math fitness health and many more. How to Use the PMT Function to Calculate Loan Payments in Excel. The PV or present value portion of the loan payment formula uses the original loan amount. Interest rate the interest rate divided by the number of accrual periods per year for instance a 6 interest rate divided by 12 months 0612 005.
