Weekly Payment Loan Calculator

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Weekly Payment Loan Calculator

Enter the interest rate and two more fields,
then press the button next to the field to calculate.
Loan Amount$
# of Weeks 
Annual Interest Rate
Compounded:		  %
(Decimal)
Weekly Payment
(Principal & Interest)
$
You'll pay a total of $(P&I) over the life of this loan.
  To view the schedule, all input fields must contain a value.
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EXAMPLE:
  1. You're going to give your daughter a loan of $1,000.00.  She agreed to pay you an interest rate of 7.75% (compounded weekly) and $20 per week until it's paid in full.  How long will she have to pay? 
    Using this calculator, enter:
    • 1000 = Loan Amount
    • 7.75 = Annual Interest Rate (Compounded Weekly)
    • 20 = Payment
    • Press the Weeks button and you'll see it will be paid in full in 52 weeks (1 year) with only 40 dollars in interest.

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