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Excel formula: Calculate payment for a loan | ExceljetHow to calculate loan payments in 3 easy stepsWhat is a Single Payment Loan? - to calculate loan payments in 3 easy stepsThe following single payment equation applies to simple interest: F = P (1 + I n) Example: If $100 is invested at 6% interest (compound interest) for four years, the amount accumulated at the end of four years is: F = P (1 + i) n = $100 (F/P,6%,4) = $100 ( ) = $ and Equivalence. Single payment compound interest formulas (annual) Go to questions covering topic below. Given a present dollar amount P, interest rate i% per year, compounded annually, and a future amount F that occurs n years after the present, the relationship between these terms is F = P (1 + i) n In equations, the interest rate i must be in decimal form, not single payment loan requires the entire principal, plus any interest, be paid at an exact date when the loan matures. Rather than paying multiple monthly payments, single payment loan

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