General Business Loan Calculator

[Nate Crump]

Not related to Real Estate necessarily, I was wondering if someone has a good calculator online for a general business loan. I found a mortgage calc. and a car loan calc., but wasn't sure if a business loan amortized the same way, or if there was any other differences.

I'm trying to figure out a $100,000 loan at 10% interest over 5 years, but would like a calculator to figure out future things.

Thanks for any help!

[Michael Le]

I use a HP 10bii Financial Calculator app on my Android phone. One way of not having to remember where my calculator is.

Using that calculator is relatively simple. The top row of buttons is N (terms in months), I/YR (interest rate), PV (present vale of loan), PMT (monthly payment), FV (future value but not used here).

1. Hit 60 then N

2. Hit 10 then I/YR

3. Hit 100,000 then PV

4. Hit PMT and calculator will spit out -2,124.70

So the payment will be $2,124.70 a month.