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 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 (R%) & 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).