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

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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