Loan Duration from Payment
Use balance, interest rate and payment find how long repayment go take.
Your numbers
Repayment time wey model give
Estimate for learning with your assumptions; no live prices, tax rules or guaranteed returns.
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Formula
r=R/1200; r>0: n=−ln(1−Pr/A)/ln(1+r); r=0: n=P/A
Use balance, interest rate and payment find how long repayment go take.
Example wey show the calculation
- Balance wey remain for loan
- 12000
- Payment every month
- 1000
- Nominal rate for each year (%)
- 0
- Repayment time wey model give
- 12 months
- Number of payments; final payment fit be smaller
- 12 payments
Where e fit work and limits
Estimate for learning with your assumptions; no live prices, tax rules or guaranteed returns.
We check inputs for missing values and allowed ranges. Result wey pass the finite numeric range no go show. Rounding affect wetin display, while calculation use the model numeric precision.
Check your units and assumptions before you rely on result. Changing label no convert currency or physical unit.
Version of di formula: 6ec7a9de2a28 · Example don get check: