Loan Balance Formula - Loan Calculators

Formula Used:

B = ( A * (1+r)n) - [ (P/r) * ((1+r)n - 1 ) ]

Where,
B = Balance Amount
A = Loan Amount
P = Payment Amount
r = Rate of Interest (compounded)
n = Number of time periods
Rate of Interest compounded is,
If Monthly,
r = i / 1200
If Quarterly,
r = i / 400
If Half yearly,
r = i / 200
If Yearly,
r = i / 100

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