Wondering if the time is right to purchase new equipment before the end of the year? According to the Equipment Leasing & Finance Foundation’s Monthly Confidence Index, confidence in the equipment finance market rose to 60.2 from the October reading of 58.7. “The...
The U.S. economy is expected to maintain solid growth throughout 2015, with real GDP forecast to grow at a pace of 3.1%, a report issued by BMO Economics and run by CNN Money said. The positive growth prediction is a result of a variety of factors, namely lower oil...
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $903 billion equipment finance sector, showed their overall new business volume...
Class 8 truck sales jumped 9.7 percent in October as compared with September, according to data compiled by WardsAuto. Total October sales of 22,032 bested September sales of 20,078, marking it the third straight month sales have increased. With two months to go,...
Big Bank Approval Rates Drop for Small Business Loans – Ref: Monitor Daily According to the October 2014 Biz2Credit Small Business Lending Index, small business loan approval rates at big banks dropped for the first time in seven months, a monthly analysis of...
Loan Calculator Help...
Using the calculator is straight forward. User enters a "loan amount", "number of months",
"annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection,
"End-of-Period", the first payment will be due one month after the loan is made. If
"Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding
frequency and the ability to print an amortization schedule? Please visit,
Currency and Date Conventions
All calculators will remember your choice. You may also
change it at any
"Save changes" will cause the calculator to reload. Your
edits will be