Enter the total price of the item and the monthly rent premium, as well as the total number of months in the agreement into the calculator to determine the Rent-to-Own monthly payment. This calculator can also evaluate any of the variables given the others are known.

## Rto Formula

Y = (2 * (L + W) + E) / 36

The following formula is used to calculate the Rent-to-Own (RTO) payment.

RTO = (P * r) + (P / n)

Variables:

- RTO is the Rent-to-Own monthly payment ($)
- P is the total price of the item ($)
- r is the monthly rent premium (decimal)
- n is the total number of months in the agreement

To calculate the Rent-to-Own monthly payment, multiply the total price of the item by the monthly rent premium, then add the result to the total price of the item divided by the total number of months in the agreement.

## What is a Rto?

A Registered Training Organization (RTO) is a provider of vocational education and training (VET) that is recognized and registered by the Australian Skills Quality Authority (ASQA) or in some cases, a state regulator. RTOs deliver nationally recognized training and qualifications to students, which are part of the Australian Qualifications Framework. This includes schools, private and community providers, industry organizations, and enterprises.

## How to Calculate Rto?

The following steps outline how to calculate the Rent-to-Own monthly payment (RTO) using the given formula:

- First, determine the total price of the item (P) in dollars.
- Next, determine the monthly rent premium (r) as a decimal.
- Next, determine the total number of months in the agreement (n).
- Next, calculate the RTO using the formula: RTO = (P * r) + (P / n).
- Finally, insert the variables and calculate the Rent-to-Own monthly payment (RTO).

**Example Problem:**

Use the following variables as an example problem to test your knowledge:

Total price of the item (P) = $500

Monthly rent premium (r) = 0.05

Total number of months in the agreement (n) = 12