This document provides instructions for calculating a loan payment in Google Sheets. It prompts the user to enter a loan amount, interest rate, and loan term in months. Based on the inputs of $25,500 loan amount, 6% interest rate, and 48 month term, it calculates and displays the monthly loan payment as $598.87.
Original Description:
Loan Payment Calculator
calculates the loan installments for the given interest rate
This document provides instructions for calculating a loan payment in Google Sheets. It prompts the user to enter a loan amount, interest rate, and loan term in months. Based on the inputs of $25,500 loan amount, 6% interest rate, and 48 month term, it calculates and displays the monthly loan payment as $598.87.
This document provides instructions for calculating a loan payment in Google Sheets. It prompts the user to enter a loan amount, interest rate, and loan term in months. Based on the inputs of $25,500 loan amount, 6% interest rate, and 48 month term, it calculates and displays the monthly loan payment as $598.87.