Question

How to calculate loan amt in lease when installement pay begning of year?

Answer 1

An installment payment, such as that paid monthly on a loan, is paid out to the lender with interest charges and finance fees also included. Typically, monthly installment loans are for larger purchases like appliances, cars, or other large asset purchases. The payments are calculated using the Equal Monthly Installment (EMI) method. It is simple to apply and you can use online calculators, a spreadsheet program such as Excel, or do it by hand.