Software finance calculator

To work out your monthly asset finance payments, you’ll need the following details:

1. Software Cost (Principal Amount): This is the total price of the software you are financing.
2. Interest Rate (Annual Percentage Rate – APR): This is the cost of borrowing money, expressed as a percentage per year. It can be fixed or variable.
3. Loan Term (Number of Payments/Periods): This is the duration over which you will repay the loan, usually expressed in months or years.
4. Payment Frequency: How often payments will be made (e.g., monthly, quarterly, annually).