Calculateur de Remboursement de Prêt Étudiant — Formule
## How to Calculate Student Loan Payments
Student loan payments use the standard amortization formula.
### Formula
**Monthly Payment = P x r x (1+r)^n / ((1+r)^n - 1)**
Where P = principal, r = monthly rate, n = total payments.
This formula ensures equal monthly payments over the life of the loan.
Student loan payments use the standard amortization formula.
### Formula
**Monthly Payment = P x r x (1+r)^n / ((1+r)^n - 1)**
Where P = principal, r = monthly rate, n = total payments.
This formula ensures equal monthly payments over the life of the loan.
Exemple Résolu
A $35,000 student loan at 5.5% interest over 10 years.
- Monthly rate = 5.5% / 12 = 0.004583
- Number of payments = 10 x 12 = 120
- Monthly payment = 35000 x 0.004583 x (1.004583)^120 / ((1.004583)^120 - 1) = $379.60
- Total paid = $379.60 x 120 = $45,552
- Total interest = $45,552 - $35,000 = $10,552