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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 (APR))/(100+Annual Percentage Rate (APR))
u = (n*p*APR)/(100+APR)
This formula uses 3 Variables
Variables Used
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 (APR)- The annual percentage rate is 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 (APR): 10 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
u = (n*p*APR)/(100+APR) --> (10*28000*10)/(100+10)
Evaluating ... ...
u = 25454.5454545455
STEP 3: Convert Result to Output's Unit
25454.5454545455 --> No Conversion Required
FINAL ANSWER
25454.5454545455 <-- Actuarial Method Unearned Interest Loan
(Calculation completed in 00.016 seconds)

4 Other formulas that you can solve using the same Inputs

Number of Months
number_of_months = log10((Monthly Payment/Interest Rate)/((Monthly Payment/Interest Rate)-Loan Amount))/log10(1+Interest Rate) Go
Present Value of Annuity
present_value_of_annuity = (Monthly Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Number of Months)) Go
Future Value of Annuity
future_value_of_annuity = (Monthly Payment/Interest Rate)*((1+Interest Rate)^Number of Periods-1) Go
Time when Percentage of Annual Average Consumption is Given
time_in_days = (Annual Percentage Rate (APR)/180)^(-1/0.01) Go

Actuarial Method Unearned Interest Loan Formula

actuarial_method_unearned_interest_loan = (Number of Remaining Monthly Payments*Monthly Payment*Annual Percentage Rate (APR))/(100+Annual Percentage Rate (APR))
u = (n*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 (APR))/(100+Annual Percentage Rate (APR)) 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 and 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 (n), Monthly Payment (p) and Annual Percentage Rate (APR) (APR) and hit the calculate button. Here is how the Actuarial Method Unearned Interest Loan calculation can be explained with given input values -> 25454.55 = (10*28000*10)/(100+10).

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 = (n*p*APR)/(100+APR) or actuarial_method_unearned_interest_loan = (Number of Remaining Monthly Payments*Monthly Payment*Annual Percentage Rate (APR))/(100+Annual Percentage Rate (APR)). 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 and The annual percentage rate is 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 (APR))/(100+Annual Percentage Rate (APR)). To calculate Actuarial Method Unearned Interest Loan, you need Number of Remaining Monthly Payments (n), Monthly Payment (p) and Annual Percentage Rate (APR) (APR). With our tool, you need to enter the respective value for Number of Remaining Monthly Payments, Monthly Payment and Annual Percentage Rate (APR) 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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