# How Much Can I Borrow Calculator

## Calculates the principal value of the loan amortization using the principal-and-interest equal repayment.

Interest rate
 % (r) annually monthly
Loan term
 years (n)
 Repayment frequency (k) annually semiannually quarterly monthly
Repayment amount
 (PMT)

Principal
 (P)
 $\normal Loan\ amortization\\(1)\ P=PMT\times{\large\frac{1-(1+{\large\frac{r}{k}})^{-nk}}{r/k}}\hspace{30}if\ r\neq 0\\(2)\ P=PMT\times nk\hspace{100}if\ r=0\\$

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