Interest Rate Calculator
Here is the Interest Rate Calculator
Welcome to the Interest Rate Calculator. Follow these steps to calculate your loan payments and view the loan amortization schedule:
- Enter the loan’s principal amount in the “Principal Amount” field. This is the initial amount you’re borrowing.
- Enter the annual interest rate in the “Interest Rate” field. This should be in percentage form.
- Specify the loan’s time period in years in the “Time Period” field. This is the duration of your loan.
- Choose the number of payments you’ll make per year from the “Payments Per Year” dropdown. For example, if you make monthly payments, select “Monthly.”
- Click the “Calculate” button to compute your monthly payment amount.
Interest Rate Calculator
Results:
Loan Amortization Schedule:
| Payment # | Payment Date | Payment Amount | Principal Payment | Interest Payment | Remaining Balance |
|---|