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    Huidrom Sharat
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    Formulas

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Financial Formulas

    Uploaded by

    Huidrom Sharat
    Formulas

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    The following formula is used to calculate the fixed monthly payment (P) required to fully amortize a loan of L dollars

    over a term of n months at a monthly interest rate of c. [If the quoted rate is 6%, for example, c is .06/12 or .005]. P = L[c(1 + c)n]/[(1 + c)n - 1] The next formula is used to calculate the remaining loan balance (B) of a fixed payment loan after p months. B = L[(1 + c)n - (1 + c)p]/[(1 + c)n - 1]

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