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-   -   Tips : Calculation of Installment on Term Mortgage Loan (http://www.thefinanceforums.com/showthread.php?t=13214)

dhakal26 02-10-2018 12:51 AM

Tips : Calculation of Installment on Term Mortgage Loan
 
Suppose we are willing to take 3 year 12% $200000 mortgage loan paying equally at the end of each year.
Annual installment = Loan amount/(PVIFA 12%,3yr)
Annual installment = 200000/2.4018
Annual installment = $83269.79 at the end of each year.


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