9 Other formulas that you can solve using the same Inputs

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
Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1 GO
EMI
EMI=Loan Amount*Interest Rate*((1+Interest Rate)^Compounding Periods/((1+Interest Rate)^Compounding Periods-1)) GO
Present Value of Annuity
Present Value of Annuity=(Monthly Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Number of Months)) 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

Monthly Payment of Car Loan Formula

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

What is Monthly Payment of Car Loan?

Monthly Payment of Car Loan or EMI of the car loan, at the basic level, refers to the fixed amount that you would be entitled to repay monthly to the car loan provider until the car loan matures. EMI is a part of every loan, in this case, the car loan is computed by the principal amount and rate of interest. In this scenario, car loan EMI is the most important element in car loan repayment since it is the EMI that a borrower would be liable to pay, for a short - to medium-term, depending on the choice of tenure. A lower EMI gives more lucrative schemes to a borrower. But at the same time, a higher EMI for a shorter tenure might be more sensible.

How to Calculate Monthly Payment of Car Loan?

Monthly Payment of Car Loan calculator uses Monthly Payment of Car Loan=(Interest Rate+Interest Rate/((1+Interest Rate)^Months-1))*Principal Car Loan Amount to calculate the Monthly Payment of Car Loan, Monthly Payment of Car Loan is the total amount of payment done monthly to complete the car loan. Monthly Payment of Car Loan and is denoted by Mthly Pymt symbol.

How to calculate Monthly Payment of Car Loan using this online calculator? To use this online calculator for Monthly Payment of Car Loan, enter Interest Rate (i), Months (n) and Principal Car Loan Amount (P) and hit the calculate button. Here is how the Monthly Payment of Car Loan calculation can be explained with given input values -> 6.000E+6 = (6+6/((1+6)^45-1))*1000000.

FAQ

What is Monthly Payment of Car Loan?
Monthly Payment of Car Loan is the total amount of payment done monthly to complete the car loan and is represented as Mthly Pymt=(i+i/((1+i)^n-1))*P or Monthly Payment of Car Loan=(Interest Rate+Interest Rate/((1+Interest Rate)^Months-1))*Principal Car Loan Amount. Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets, Months represent the total months for which a fixed payment amount is made by a borrower to a lender to complete the loan amount and Principal Car Loan Amount is most commonly used to refer to the amount borrowed or the amount still owed on a car loan, separate from interest.
How to calculate Monthly Payment of Car Loan?
Monthly Payment of Car Loan is the total amount of payment done monthly to complete the car loan is calculated using Monthly Payment of Car Loan=(Interest Rate+Interest Rate/((1+Interest Rate)^Months-1))*Principal Car Loan Amount. To calculate Monthly Payment of Car Loan, you need Interest Rate (i), Months (n) and Principal Car Loan Amount (P). With our tool, you need to enter the respective value for Interest Rate, Months and Principal Car Loan Amount and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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