[Loans] Various Mutual Calculations
Author: XeXExecutions: 54491
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Once you’ve selected the item you want to calculate, simply enter the values for the other three items and press [Calculate].
| Loan Amount | yen (or principal balance) |
| Number of Repayments | Times( Year) |
| Annual Rate | % |
| Amount per payment | yen |
[ Usage Tips ]
★ To find the remaining principal balance, enter the number of remaining payments in the [ Number of Payments ] field, then enter the [ Annual Interest Rate ] and [ Amount per Payment ] and calculate the "Loan Amount."
★ To find the remaining principal balance, enter the number of remaining payments in the [ Number of Payments ] field, then enter the [ Annual Interest Rate ] and [ Amount per Payment ] and calculate the "Loan Amount."
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When used effectively, it can also be used to calculate early repayment scenarios (to shorten the term or reduce monthly payments) and to estimate the impact of interest rate changes.