How do you figure out a monthly payment on a loan?
Find your monthly payment. To do this, multiply your last result by the loan amount P. The result will be the exact amount of money you need to pay each month in order to pay off your loan on time. For example, if you borrowed $30,000, you would multiply your answer from the last step by 30,000.
DA: 70 PA: 25 MOZ Rank: 53