Use this tool to quickly calculate the Monthly Payment Indicator (MPI) for your loan.

## How to Use the MPI Calculator

To use the calculator, follow these simple steps:

- Enter the principal amount (P) in the respective input field.
- Enter the annual interest rate (r) in percentage.
- Enter the time period in years (t).
- Enter the number of times interest is applied per time period (n).
- Click on the “Calculate” button to see the result.

## How It Calculates the Result

The calculator uses the formula for compound interest, which is:

**A = P (1 + r/n)^(nt)**

Where:

**A**is the amount of money accumulated after n years, including interest.**P**is the principal amount (initial investment).**r**is the annual interest rate (in decimal).**n**is the number of times that interest is compounded per year.**t**is the time the money is invested for in years.

## Limitations

This calculator is designed for educational purposes and gives an approximation of the potential accumulated interest. Actual interest may vary depending on financial institution policies and other factors. Always consult with a professional financial advisor for detailed financial planning.