AZ5 - Calculate Interest Rate Calculate the true interest rate when given the amortization of a loan or regular annuity. Useful for 'Truth in Lending' calculations. AZ5 accepts input in the forms normally associated with a real estate loan. This program allows a final or 'BALLOON' payment of a different amount from the regular payment to be entered. Input values are: Loan Amount - The loan amount in dollars and cents. Do not use commas or dollar signs. Decimals are permitted. Total Number of Payments - Enter the number of payments including the balloon payment; i.e. a 30 year loan with 12 payments a year is a 360 payment loan. Regular Payment Amount - Payment amount in dollars and cents. Balloon Payment Amount - Balloon payment (one time payment at the end of a loan) amount in dollars and cents. Assumed Annual Interest Rate - The interest rate, as a percentage, that you think applies to the loan. If you do not know, guess. It only slows the program down a little. This program solves the present value equation for the true interest rate and gives the answer as a percentage. If you desire hard copy, use the print screen function on your computer.