Balance of a loan with regular monthly payments(given period payments and period rate)

Formula

Balance of a loan with regular monthly payments(given period payments and period rate) formula
Bk
balance after k payments
Bk1
balance after k+1 payments
r
period rate for monthly payments
p
period (monthly) payment

Formula description

The balance of a loan with regular monthly payments is augmented by the monthly interest charge and decreased by the payment.

Calculator (how to use calculator?)

Balance of a loan with regular monthly payments(given period payments and period rate) formula
Bk1
r
p
Bk
Precision

Formula code

  • C
  • C#
  • C++
  • Java
  • JavaScript
  • LaTeX
  • PHP







References

  1. Wikepedia:Formulae.

Comment or add more code

If you cannot find the formula or calculator you want, please tell us what you want and we will add it for you ASAP. If you want anything else or find any error on this page, please just let us know. If you know the formula in other languages, you are welcome to add it. Thanks for contributing to wikicalculator.com!
  • Comment
  • Add code for the formula
Please help us do better by providing your opinions(<= 500 characters):
Language:(<= 500 characters)