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10 Other formulas that you can solve using the same Inputs

Actuarial Method Unearned Interest Loan
Actuarial Method Unearned Interest Loan=(Number of Remaining Monthly Payments*Monthly Payment*Annual Percentage Rate (APR))/(100+Annual Percentage Rate (APR)) GO
Monthly Mortgage Payment
Monthly Payment=(Mortgage Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods-1) GO
Monthly Payment
Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1 GO
Monthly Payment of Car Loan
Monthly Payment of Car Loan=(Interest Rate+Interest Rate/((1+Interest Rate)^Months-1))*Principal Car Loan Amount GO
EMI
EMI=Loan Amount*Interest Rate*((1+Interest Rate)^Compounding Periods/((1+Interest Rate)^Compounding Periods-1)) 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
Loan Amount
Loan Amount=(Annuity Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Compounding Periods)) GO
Future Value of a Present Sum when the total number of periods is given
Future Value=Present Value*(1+Interest Rate)^Total Number of Periods GO
Present Value of a Future Sum when total number of periods is given
Present Value=Future Value/(1+Interest Rate)^Total Number of Periods GO

Number of Months Formula

Number of Months=log10((Monthly Payment/Interest Rate)/((Monthly Payment/Interest Rate)-Loan Amount))/log10(1+Interest Rate)
More formulas
Loan Amount GO
Monthly Payment GO
EMI GO
Monthly Payment of Car Loan GO

What is Number of Months?

The number of months is the total number of months remaining until a debt is paid off. These payments are done every month and are made up of your principal and interest payments. A borrower pays more interest in the early part of the mortgage, while the latter part of the loan favors the principal balance. The main factors determining the number of months are the size of the loan and how much you can manage to pay on monthly basis. Size is the amount of money you borrow. Generally, the lower your monthly payment, the longer your term.

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 compounding intervals. 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 Loan Amount (Loan Amt), Interest Rate (i) and Monthly Payment (p) 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).

FAQ

What is Number of Months?
The number of months is the total number of compounding intervals and is represented as n=log10((p/i)/((p/i)-Loan Amt))/log10(1+i) or Number of Months=log10((Monthly Payment/Interest Rate)/((Monthly Payment/Interest Rate)-Loan Amount))/log10(1+Interest Rate). The loan Amount is the original principal on a new loan or principal remaining on an existing loan, Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets and The monthly payment is the amount a borrower is required to pay each month until a debt is paid off.
How to calculate Number of Months?
The number of months is the total number of compounding intervals is calculated using Number of Months=log10((Monthly Payment/Interest Rate)/((Monthly Payment/Interest Rate)-Loan Amount))/log10(1+Interest Rate). To calculate Number of Months, you need Loan Amount (Loan Amt), Interest Rate (i) and Monthly Payment (p). With our tool, you need to enter the respective value for Loan Amount, Interest Rate and Monthly Payment 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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