Loan - Loan Payment

Loan Payment

The most typical loan payment type is the fully amortizing payment in which each monthly rate has the same value over time.

The fixed monthly payment P for a loan of L for n months and a monthly interest rate c is:

Read more about this topic:  Loan

Other articles related to "payment, loan, payments":

Example Amortization Schedule
... that rounding errors occur and depending how the lender accumulates these errors, the blended payment (principal + interest) may vary slightly some months to keep these errors from ... points worth noting when mortgaging a home with an amortized loan ... substantial disparate allocation of the monthly payments toward the interest, especially during the first 18 years of the mortgage ...
1994–95 In English Football - Diary of The Season
... pull his side together by making a triple loan bid for Rangers striker Duncan Ferguson and midfielder Ian Durrant as well as Trevor Steven, who was sold from Everton. 2 October 1994 - Duncan Ferguson and Ian Durrant complete their loan moves from Rangers to Everton, but Trevor Steven's move falls through, on the same day that Everton's winless start ... Graham denies allegations that he received an illegal £285,000 payment as part of a transfer deal ...

Famous quotes containing the words payment and/or loan:

    The payment of debts is necessary for social order. The non-payment is quite equally necessary for social order. For centuries humanity has oscillated, serenely unaware, between these two contradictory necessities.
    Simone Weil (1909–1943)

    ... the ... thing I am proudest of in my whole business life is that I do not take, that I never took in all my life, and never, never! will take, one single penny more than 6% on any loan or any contract.
    Hetty Green (1834–1916)