Do you need to find your loan balance but don’t have time to look it up? Check out our online calculator to quickly and easily find your loan balance.
B = A * (1+r)^n - (P/r) * ((1+r)^n - 1)
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36 Number of calculations
- B is the loan balance or outstanding principal amount.
- A is the monthly payment amount.
- r is the monthly interest rate (expressed as a decimal).
- P is the original principal amount of the loan.
- n is the number of payments made.