View Single Post
  #1  
Old 02-10-2018, 12:51 AM
dhakal26 dhakal26 is offline
Junior Member
 
Join Date: Feb 2018
Location: Nepal
Posts: 22
Post 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.
Reply With Quote

Old Sponsors