Monthly Payments
Calculate loan payments and interest.
Zion Software, LLC
iPhone Screenshots
Description
The app calculates monthly loan payments and interest. It computes these values based on the loan amount, duration in months, and interest rate using the amortization formula.
Monthly Payments is a simple loan calculator to compute monthly payments and interest on a given loan amount for a given duration (# of months) and % interest rate. Monthly Payments uses the Amortization formula found on: http://en.wikipedia.org/wiki/Amortization_(business)