# Loan Balance Calculator

Online calculator to calculate the ** loan balance ** after n payments.
Furnish the details asked for the calculation to determain the remaining due after a period of payments.

Code to add this calci to your website

#### 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**
This tool will help you dynamically to calculate the remaining due or the loan balance after n payments