How do you determine the monthly reward on a loan knowing the interest rate?

what is the correct formula

Answers:
Easy! Check out this web-based calculator.

http://www.vlender.com/cgi-bin/calc/simp...
What nature of loan?
There could be some unobserved costs spread over the interest rates, similar to contained by mortgages and how much principal is payed backbone?
If I nick 100 Dollar out at 8% annually, it cost me on interest $8 ($100 x 0,08) a year or $8 divided by 12 month = $6,67/month
This site have trellis base calculator as economically as the formula
http://www.efunda.com/formulae/finance/l...


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