This calculator is just one application using one of openoffice calc financial formula for monthly payment, PMT(rate,nper,pv,[fv],[type]), where for this car loan payment, you have to put your car loan interest rate for “rate” parameter, your loan period for “nper” parameter, where typically car loan will have a short payment period, and your car price for “pv” parameter. [fv] and [type] parameters are optional, and default values for those parameters are zero.
Since this is a generic formula, you can apply this calc formula for many financial things by placing the correct number in correct terms.
