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Old 02-10-2018, 12:51 AM
dhakal26 dhakal26 is offline
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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.
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