Actuarial Method Unearned Interest Loan Solution

STEP 0: Pre-Calculation Summary
Formula Used
Actuarial Method Unearned Interest Loan = (Number of Remaining Monthly Payments*Monthly Payment*Annual Percentage Rate)/(100+Annual Percentage Rate)
u = (nMonthly*p*APR)/(100+APR)
This formula uses 4 Variables
Variables Used
Actuarial Method Unearned Interest Loan - Actuarial Method Unearned Interest Loan is the process of distributing payments made on a debt between the amount provided as fund.
Number of Remaining Monthly Payments - A Number of Remaining Monthly Payments is the total number of remaining monthly payments until a debt is paid off.
Monthly Payment - The Monthly Payment is the amount a borrower is required to pay each month until a debt is paid off.
Annual Percentage Rate - The Annual Percentage Rate refers to the annual rate charged for borrowing or earned through an investment.
STEP 1: Convert Input(s) to Base Unit
Number of Remaining Monthly Payments: 10 --> No Conversion Required
Monthly Payment: 28000 --> No Conversion Required
Annual Percentage Rate: 55 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
u = (nMonthly*p*APR)/(100+APR) --> (10*28000*55)/(100+55)
Evaluating ... ...
u = 99354.8387096774
STEP 3: Convert Result to Output's Unit
99354.8387096774 --> No Conversion Required
FINAL ANSWER
99354.8387096774 99354.84 <-- Actuarial Method Unearned Interest Loan
(Calculation completed in 00.004 seconds)

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Actuarial Method Unearned Interest Loan Formula

Actuarial Method Unearned Interest Loan = (Number of Remaining Monthly Payments*Monthly Payment*Annual Percentage Rate)/(100+Annual Percentage Rate)
u = (nMonthly*p*APR)/(100+APR)

How to Calculate Actuarial Method Unearned Interest Loan?

Actuarial Method Unearned Interest Loan calculator uses Actuarial Method Unearned Interest Loan = (Number of Remaining Monthly Payments*Monthly Payment*Annual Percentage Rate)/(100+Annual Percentage Rate) to calculate the Actuarial Method Unearned Interest Loan, Actuarial Method Unearned Interest Loan is the process of distributing payments made on a debt between the amount provided as fund and also to the finance charge in accordance with which a payment is used first to the appended finance charge. Actuarial Method Unearned Interest Loan is denoted by u symbol.

How to calculate Actuarial Method Unearned Interest Loan using this online calculator? To use this online calculator for Actuarial Method Unearned Interest Loan, enter Number of Remaining Monthly Payments (nMonthly), Monthly Payment (p) & Annual Percentage Rate (APR) and hit the calculate button. Here is how the Actuarial Method Unearned Interest Loan calculation can be explained with given input values -> 99354.84 = (10*28000*55)/(100+55).

FAQ

What is Actuarial Method Unearned Interest Loan?
Actuarial Method Unearned Interest Loan is the process of distributing payments made on a debt between the amount provided as fund and also to the finance charge in accordance with which a payment is used first to the appended finance charge and is represented as u = (nMonthly*p*APR)/(100+APR) or Actuarial Method Unearned Interest Loan = (Number of Remaining Monthly Payments*Monthly Payment*Annual Percentage Rate)/(100+Annual Percentage Rate). A Number of Remaining Monthly Payments is the total number of remaining monthly payments until a debt is paid off, The Monthly Payment is the amount a borrower is required to pay each month until a debt is paid off & The Annual Percentage Rate refers to the annual rate charged for borrowing or earned through an investment.
How to calculate Actuarial Method Unearned Interest Loan?
Actuarial Method Unearned Interest Loan is the process of distributing payments made on a debt between the amount provided as fund and also to the finance charge in accordance with which a payment is used first to the appended finance charge is calculated using Actuarial Method Unearned Interest Loan = (Number of Remaining Monthly Payments*Monthly Payment*Annual Percentage Rate)/(100+Annual Percentage Rate). To calculate Actuarial Method Unearned Interest Loan, you need Number of Remaining Monthly Payments (nMonthly), Monthly Payment (p) & Annual Percentage Rate (APR). With our tool, you need to enter the respective value for Number of Remaining Monthly Payments, Monthly Payment & Annual Percentage Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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