Monthly Payment is an application specially designed for calculating loans and installments. By simply keying in the Amount, Down Payment, Interest Rate and Period (months), you can get the result for interest amount and monthly payment amount instantly.
For example:
You want to buy a new house cost $480000. Your downpayment is $80000, with interest rate of 8%, and period of 25 years (300 months), so, you enter data as shown below:
Amount = 480000
Down Payment = 80000
Interest Rate = 8 %
Years = 25
By tapping on "Calculate" button, you will get the result as below:
Interest = 526179.46
Monthly Payment = 3087.26
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Supported operating systems:
Palm OS 5.x
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