Loan Balance Wey Still Remain
Find balance after number of equal payments wey you choose.
Your numbers
Principal wey remain unpaid
Estimate for learning with your assumptions; no live prices, tax rules or guaranteed returns.
Compare scenarios
You fit keep up to three snapshots for this tab. Loading one go replace the present inputs.
Formula
r=R/1200; r>0: Bₖ=P(1+r)ᵏ−A[(1+r)ᵏ−1]/r; r=0: Bₖ=P−kA
Find balance after number of equal payments wey you choose.
Example wey show the calculation
- Principal for the start
- 12000
- Nominal rate for each year (%)
- 0
- Term in months
- 12
- Payments wey you don make
- 5
- Principal wey remain unpaid
- 7,000
- Monthly payment for the original schedule
- 1,000
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: 012fba3b3e7c · Example don get check: