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## < ⎙ 14 Other formulas that you can solve using the same Inputs

Certificate of Deposit
Certificate of Deposit=Initial Deposit Amount *(1+(Annual Nominal Interest Rate /Compounding Periods))^(Compounding Periods*Number of Years ) GO
Monthly Mortgage Payment
Monthly Payment=(Mortgage Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods-1) GO
Number of Months
Number of Months=log10((Monthly Payment/Interest Rate)/((Monthly Payment/Interest Rate)-Loan Amount))/log10(1+Interest Rate) GO
Monthly Payment of Car Loan
Monthly Payment of Car Loan=(Interest Rate+Interest Rate/((1+Interest Rate)^Months-1))*Principal Car Loan Amount GO
Nominal Interest Rate
Nominal Interest Rate or Stated Rate=Compounding Periods*((1+Effective Interest Rate)^(1/Compounding Periods)-1) GO
EMI
EMI=Loan Amount*Interest Rate*((1+Interest Rate)^Compounding Periods/((1+Interest Rate)^Compounding Periods-1)) GO
Future Value of a Present Sum when Compounding Periods are given
Future Value=Present Value*(1+(Rate of Return/Compounding Periods))^(Compounding Periods*Number of Periods) GO
Present Value of a Future Sum when compounding periods are given
Present Value=Future Value/(1+(Rate of Return/Compounding Periods))^(Compounding Periods*Number of Periods) GO
Present Value of Annuity
Present Value of Annuity=(Monthly Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Number of Months)) GO
Annual Percentage Yield
Annual Percentage Yield=(1+(Stated annual interest rate/Compounding Periods))^Compounding Periods-1 GO
Future Value of Annuity
Future Value of Annuity=(Monthly Payment/Interest Rate)*((1+Interest Rate)^Number of Periods-1) GO
Loan Amount
Loan Amount=(Annuity Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Compounding Periods)) GO
Future Value of a Present Sum when the total number of periods is given
Future Value=Present Value*(1+Interest Rate)^Total Number of Periods GO
Present Value of a Future Sum when total number of periods is given
Present Value=Future Value/(1+Interest Rate)^Total Number of Periods GO

## < ⎙ 1 Other formulas that calculate the same Output

Monthly Mortgage Payment
Monthly Payment=(Mortgage Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods-1) GO

### Monthly Payment Formula

Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1
More formulas
Loan Amount GO
Number of Months GO
EMI GO
Monthly Payment of Car Loan GO

## What is Monthly Payment?

The monthly payment is an amount a borrower is required to pay each month until a debt is paid off. These payments are made up of your principal and interest payments. A borrower pays more interest in the early part of the mortgage, while the latter part of the loan favors the principal balance. The main factors determining your monthly mortgage payments are the size and term of the loan. Size is the amount of money you borrow and the term is the length of time you have to pay it back. Generally, the longer your term, the lower your monthly payment.

## How to Calculate Monthly Payment?

Monthly Payment calculator uses Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1 to calculate the Monthly Payment, The monthly payment is the amount a borrower is required to pay each month until a debt is paid off. Monthly Payment and is denoted by p symbol.

How to calculate Monthly Payment using this online calculator? To use this online calculator for Monthly Payment, enter Compounding Periods (n), Loan Amount (Loan Amt) and Interest Rate (i) and hit the calculate button. Here is how the Monthly Payment calculation can be explained with given input values -> 5999 = (1000*6*(1+6)^10)/((1+6)^10)-1.

### FAQ

What is Monthly Payment?
The monthly payment is the amount a borrower is required to pay each month until a debt is paid off and is represented as p=(Loan Amt*i*(1+i)^n)/((1+i)^n)-1 or Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1. Compounding Periods is the number of times compounding will occur during a period, The loan Amount is the original principal on a new loan or principal remaining on an existing loan and Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
How to calculate Monthly Payment?
The monthly payment is the amount a borrower is required to pay each month until a debt is paid off is calculated using Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1. To calculate Monthly Payment, you need Compounding Periods (n), Loan Amount (Loan Amt) and Interest Rate (i). With our tool, you need to enter the respective value for Compounding Periods, Loan Amount and Interest Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well. Let Others Know