How do i calculate the formula for interest payments?

Answer Convert the annual interest rate from a percentage to a decimal by dividing it by 100. For example, if the annual interest rate is 5.6 percent, you would divide 5.6 by 100 to get 0.056.Multiply the... Read More »

Top Q&A For: How do i calculate the formula for interest pay...

How do i calculate interest-only payments?

Find the Periodic RateConvert the annual percentage to a periodic rate by dividing by the number of payments per year. For example, if you make monthly payments and your annual interest rate is 9 p... Read More »

How to Calculate Interest Payments?

The interest on a mortgage, personal loan or other unsecured obligation can quickly add up to a major expense for most consumers. Being able to calculate the amount of interest you will pay can hel... Read More »

What formula is used to calculate car payments?

The formula to calculate car payments is P*(R/12) / (1-(1+R/12)^-M), where P is the principal amount you borrowed, R is the annual interest rate expressed as a decimal, and M is the number of money... Read More »

How to Calculate Interest Payments on Bonds?

Bonds are loans that are sold to investors, usually by companies or governments, to raise money for projects. Companies may choose to issue a bond rather than sell more stock to avoid diluting the ... Read More »