TOC
Amortization Calculator
Instructions: Use the incremental calculator to study the individual steps in the process of solving for the Amortization formula. Once you understand each step move on to the next calculator and try it yourself.
S = R
[
((1+i)
n
-1)/ i
]
Enter your own values into the boxes or press new example for computer generated numbers of an example:
P =
r =
m =
t =
To use as a quiz, try to evaluate the expressions yourself and then check your answer.
Calculate
:
Step 1: interest per conversion period
i
Step 2:
P*i
Step 3: the number of conversion periods
1+i
Step 4:
n
Step 5:
(1+i)
-n
Step 6:Compound-amount factor
1-(1+i)
-n
Step 7:Future Value:
Pi
/
1-(1+i)
-n
Definitions
Calculator
Introduction
TOC