How to Calculate Number of Months?
Number of Months calculator uses number_of_months = log10((Monthly Payment/Interest Rate)/((Monthly Payment/Interest Rate)-Loan Amount))/log10(1+Interest Rate) to calculate the Number of Months, The number of months is the total number of months remaining until a debt is paid off. Number of Months and is denoted by n symbol.
How to calculate Number of Months using this online calculator? To use this online calculator for Number of Months, enter Monthly Payment (p), Interest Rate (i) and Loan Amount (Loan Amt) and hit the calculate button. Here is how the Number of Months calculation can be explained with given input values -> 0.123933 = log10((28000/6)/((28000/6)-1000))/log10(1+6).