Loan Payment Calculator  

Example:
Calculate the number of payments for loan taken.
Details:
Loan Amount (A): 100000
Payment Amount (P): 5000
Rate of Interest (i): 5
Rate of Interest Compounded: Monthly
Solutions:
Apply formula:
N = [  log ( 1  [ ( r*A ) / P ] ) ] / ( log (1+r) )
N = 20.93