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How do you use financial calculator?

In most cases, the most important functions for which to look in a financial calculator include payment calculations, determining the rate of return on investments and the current values of loans based on interest rates. There are also five important keys for which to look: 1. The Compute (CPT) Button

How do you calculate finance?

Part 2 of 3: Calculating Your Monthly Finance Charges Save time by using an online calculator. There are many car loan payment calculators available for free online. Find your interest rate due on each payment. Start by converting your APR to a decimal by dividing it by 100. Multiply your monthly percentage rate times your principal. ... Input this number into the monthly payment formula. ... More items...

What is the formula for calculating a loan?

The formula for calculating a loan payment is: Monthly payment = P [{r(1+r)^n}/{(1+r)^n-1}] An explanation of the symbols: ^ : This denotes an exponent; in the equation, it would read, "One plus r raised to the power of n.".

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