AZ1 - Calculate Level Ordinary Annuity Calculate the level periodic payment necessary to amortize a loan (ordinary annuity) when the loan payments are made at the end of each period. This is not limited to monthly payments. Payments may be made 1, 2, 4, 6, or 12 times a year. Input values are: Present Value - The loan amount in dollars and cents. Do not use commas or dollar signs. Decimals are permitted. Periodic Interest Rate - The interest rate in percent for the period of payment. If you are give an annual interest rate, divide it by the number of periods a year to determine the periodic interest rate. Number of Periods - The number of payments that are going to be made on the loan. Fractions are not allowed. This program solves the ordinary annuity equation for the payment and gives the answer in dollars and cents. If you desire hard copy, use the print screen function on your computer to print the display.