Computing # of payments left on a loan

Example 1: Enter the numbers in the boxes below. Do not enter a number in the box  next to "Compute". Then click "Compute".

Try with different numbers and see how the answer changes.

$39,412.95 remaining balance, 10% p.a. interest, 12 payments per year, payments are $859.68 per month. How many payments are left? Answer =59. As follows. 

Remaining principal balance of the loan? (in $.c)
Interest rate per yr? (in %)
Number of payments left (30 Yrs=360, 15 yrs =180)
Number of payments per yr?
Payment amount (usually monthly) ? (in $.c)
 

 
  Home Choose Lesson Lesson 1 Lesson 2 Lesson 3 Lesson 4 Lesson 5 Lesson 6 Calculator Choose