Conversion
Mathematics
Finances
Engineering
Science
Useful Tools
Calculator
Descriptions
- Present Value - Cash value of the good (P = Cash value - Down payment)
- Down payment - The payment that is the initial upfront portion of the total amount due, done at the occasion of the purchase
- Installment - One of a number of successive fixed value payments (R) in settlement of a debt, during a given quantity of periods (n), done at the end of each period
- Nominal Rate (i) - Total effective rate, including interest and inflation correction, charged at the end of each period (e.g.: for a rate of 2%, i = 0.02)
- Future Value (S) - Amount actually paid for the good at the end of the installments payment period, at the specified rate
Formulas used:
 |
 |
 |
 |
Instructions
- Select the type of calculation
- Select the down payment option
- Fill in the blank fields
- Click the "Calculate >>" button to see the result
- If necessary, use the Interest Rate Converter, to calculate the total rate from the interest rate and inflation; as well as to convert the annual rate into rate per period and vice versa (e.g.: convert annual rate into monthly rate - 12 periods per year)
- Click the "Print" button to open the impression page