Rule of 78 Loan Calculator

Under Rule of 78 method, periods are weighted by comparing their numerical values to the sum of all digits of periods. Given below is the Rule of 78 loan calculator to calculate the monthly payment and total finance charge for the given loan amount. Select monthly payment or total finance charge from the drop down and enter the monthly payment, loan amount and the number of months, the Rule of 78 Amortization Calculator will update you the results.

Rule of 78 Amortization Calculator

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Under Rule of 78 method, periods are weighted by comparing their numerical values to the sum of all digits of periods. Given below is the Rule of 78 loan calculator to calculate the monthly payment and total finance charge for the given loan amount. Select monthly payment or total finance charge from the drop down and enter the monthly payment, loan amount and the number of months, the Rule of 78 Amortization Calculator will update you the results.

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This rule is a method of allocating the interest charge on a loan. Use our online Rule of 78 calculator to make your loan repayment calculations simple. This rule is also used in sales. When the sales amount for each month is recurring, apply the rule by multiplying the quota by 78 to get the total sales for the year.


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