Business & Finance

Interest Rates

Can anyone tell me the formula to calculate interest rates . For example
Amount borrowed = £500,
Repayable in ( N) equal monthy installements.
Total Amount to be paid incl Capital and Interest £800.00

It must be simple but the way to do it just escapes me

mugrubv Sat 19/04/08 14:40

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factor30
Sat 19/04/08
18:45

Do you want a formula or a calculation tool. Here is a site which allows you to calculate repayments.
I just did a google search on 'calculate mortgage payments' and found lots of entries.

factor30
Sat 19/04/08
18:50

There's loads of stuff on formulae if that's what you need,eg:

http://www.alexanderhall.co.uk/cgi-bin/calcula tor/mortgage.pl

Happy to help but I really think many of the posters on AB are lazy and could find the answer in 2 minutes with an internet search

factor30
Sat 19/04/08
18:51

http://www.mortgagesexposed.com/Book_Contents/ Other_Formula.htm

this is the formula stuff

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