Actuarial Method Calculator
Posted by Dinesh onThis calculator calculates the annual percentage rate using monthly payment($), term periods, unearned term periods values.
Actuarial Method Calculation
Formula:
u = (n*p*V) / (100+V)
where,u = Unearned interest,
p = Monthly payment,
n = No. of remaining monthly payments,
V = Value from APR table that matches the annual percentage of loan rate for the no of remaining payments.