Number of Payments Left on a Loan Formula - Loan Calculators

Number of Payments on a Loan Formula.

N = [ - log ( 1 - [ ( r*A ) / P ] ) ] / ( log (1+r) )

Where,
P = Payment Amount
A = Loan Amount
r = Rate of Interest (compounded)
N = Number of Payments
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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