Amortization

COMPUTE AMORTIZATIONSCENARIO:
  • You borrowed a certain amount today.
  • You want to repay it in partial amounts over several periods within several years.
  • With the credit interest rate given to you by your creditor, how much will you be paying each payment period?
Select your desired monetary unit.
The amount you borrowed today. (i.e. 100,000)
The rate by which the borrowed amount will be compounded. (i.e. 7%)
The number of times the amount will be compounded within a year. (i.e. 1)
The number of years the borrowed amount will be paid. (i.e. 5)