Loan payment calculator
Enter your values. The answer and the full worked solution update as you type.
Result
Monthly payment€377.42
Total paid€22 645.48
Total interest€2 645.48
Step-by-step solution
Monthly rate and payments
i = 5%/12 = 0.004167, N = 60
Annuity formula
A = P·i/(1 − (1 + i)⁻ᴺ) = €377.42
Key formulas
- Annuity, present value
- PV = PMT·[1 − (1 + i)−n]/i
- Several periods per year
- i = r/m, N = m·n
Practise Time value of money
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