The amount of payments that is needed to fully repay a fixed sum of money can be determined by using the payments calculator. The number of payments remaining is returned by the payments calculator.
The next step, would be to insert the annual interest rate in pre cents.
Finally, the calculator needs to 'know' the repayments amount and the payment frequency.
All of the data mentioned above can be filled in the boxes provided.
The final answer, illustrating the number of payments required and the time needed, will be displayed at the bottom.