Mathematics & Statistics / Financial Mathematics
Amortization Schedule Calculator
Amortization Formula
Monthly Payment: M = P[r(1+r)^n] / [(1+r)^n - 1]
Where:
• P = Principal loan amount
• r = Monthly interest rate (Annual rate / 12)
• n = Total number of payments (Years × 12)
Each Payment: Interest = Balance × r, Principal = Payment - Interest
See Also
Other calculators in Financial Mathematics