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Actuarial Method Unearned Interest Loan Formula - Interest And Deposit Calculators
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Formula
Formula:
where,
u = Unearned interest,
p = Monthly payment,
n = No. of remaining monthly payments,
V = Value from APR table that matches the annual percentage of loan rate for the no of remaining payments.
Related Calculator:
Actuarial Method Unearned Interest Loan Calculator
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