0 Calculation for Ioanwapaymant (Equally divided monthly repayment) .
i
'
"
I
1 - (1 + il'"
P:
Amount of monthly repayment
PV: Amount of loan
(Kin 1)
1':
Monthly interest
(Kin 2)
n:
Number of times of repayment
(Kin 3)
' The amount of repayment will be calculated in units of dollar by counting 50 cents
or more as 1 dollar and disregarding the rest.
1) We borrow $30,000 at an annual interest of 7.65% for 10 years. What is the amount
of monthly repayment?
2) We borrow $5,000 at an annual interest of 5.05% for '5 years. What is the amount
of monthly repayment?
'
Formula:
P = PV
Programming:
soOOOEE
"LRN" disp'aved _1ou1za@
,
EEBEE1DB1EIEBEEQ
a [2) -------------------- 358 (Amount of monthly repayment)
G
5000
5 El 05
5
-------------94 (Amount of monthly repayment)
-35..