Monthly Loan Payment

Monthly Loan Payment © 1980 Fabris, Robert.

This program will calculate the monthly payment and the total payment when you input the loan amount, the interest rate, and the months the loan will run. Enter these values by the digit, including leading zeros (that is, $20,000, is entered as 020000, and 9% is entered as 09000).

This could be a good start for an amortization program each montly payment is split into its principal and interest portions.