Standard Loan Payment Schedule
You can use this calculator to determine a payment amount and produce a payment schedule for a standard loan.
To open this calculator, click Calculators in the toolbar, and then click Other Loan > Standard Loan Payment Schedule in the left panel.
You can export the data as a PDF file or clear all data that you entered. For more information, see Financial calculators.
Example
What is the monthly payment for a $10,000 loan with a term of five years, paying 10% interest?
Field | Input |
---|---|
Loan amount | $10,000 |
Payments per year | 12 |
Years of payments | 5 |
Annual interest rate | 10% |
Compounded | Payment Date |
In this example, the monthly payment is $212.47.
Notes
- The compounded daily calculation uses 365 days. You can also compound interest using each payment date.
- The difference between the interest rate and the effective interest rate is due to the compounding of interest.
Internal notes
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