Bhutan National Bank Loan Formula

Equation for calculate bhutan national bank loan is,

Monthly Payment = LA × ((i ÷ 1200) × (1+(i ÷ (1200)) ^{c × 12})) ÷ (1+(i ÷ 1200)) ^{c × 12} - 1

Where,
LA is Loan Amount
i is Interest Rate
c = Time Period