# Loan Payment Calculator

**Loan Payment Calculator** to calculate the number of payments for a loan.

## Loan Payment Calculator

Loan Amount (A) :

Payment Amount (P) :

Rate of Interest (i) : (%) :

Rate of Interest Compounded

Monthly Quarterly HalfYearly Annually Number of Payments (N) :

**Formula Used:**

N = [ - log ( 1 - [ ( r*A ) / P ] ) ] / ( log (1+r) )

Where,

P = Payment Amount

A = Loan Amount

r = Rate of Interest (compounded)

N = Number of Payments

Rate of Interest Compounded is,

If Monthly,

**r = i / 1200**

If Quarterly,

**r = i / 400**

If Half yearly,

**r = i / 200**

If Yearly,

**r = i / 100**

This tool will help you dynamically to calculate the number of payments on a loan.