How to Calculate Loan Amount?
Loan Amount calculator uses Loan Amount=(Annuity Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Compounding Periods)) to calculate the Loan Amount, The loan Amount is the original principal on a new loan or principal remaining on an existing loan. Loan Amount and is denoted by Loan Amt symbol.
How to calculate Loan Amount using this online calculator? To use this online calculator for Loan Amount, enter Compounding Periods (n), Annuity Payment (PMT) and Interest Rate (i) and hit the calculate button. Here is how the Loan Amount calculation can be explained with given input values -> 200 = (1200/6)*(1-(1/(1+6)^10)).