Missing Loan Term


If you know any 3 of a loan's 4 terms (principal, interest rate, payments remaining, and payment amount), this calculator will help you to find the missing term. For example, if you know the interest rate, the payments remaining, and the payment amount, this calculator will compute the current payoff amount of the loan. All results should be interpreted as close approximations (testing to date has shown results to be accurate within .002% of the actual).   

 

Instructions: Enter the 3 known loan terms in the appropriate entry fields and click on "Compute." Note that when trying to find the interest rate, please select a "guess" from the pull-down menu by the same name. The closer your guess is to the actual interest rate, the faster the calculator will arrive at a result. If you don't select a "guess" the calculator automatically starts out at a 10% guess and works up or down until it finds a close approximation. If it turns out the actual rate is 19.95% it could take the calculator as many 56,000 iterations to find the answer. On the other hand if you had "guessed" 19% the calculator's iterations will be reduced significantly.

 

 

Note: Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, percent signs, etc.) in the entry boxes. Doing so will cause a JavaScript error.

 

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TAX
  Tax Estimator

BORROWING
  Loan Amortization
  Loan Comparison
  Missing Loan Term
  Debt  Consolidation

INVESTMENT
  Portfolio Mix
  Compounding Interval
  Single Future Value
  Periodic Future Value
  Savings Time
  Savings Goal
  Lump Sum Savings
  Retirement Savings
  IRA Distributions
  College Funding

MORTGAGE
  Mortgage Qualification
  Bi-Weekly Mortgage
  Mortgage Refinancing
  Payoff Goal
  Rent vs. Buy

BUDGETING
  Net Worth
  Cash Flow
  Expense Percentage
  Wage Conversion
  Irregular Payments
  Credit Card Payment
  Debt Investment
  Average Interest Rate
  Real Hourly Wage
  Lifetime Earnings
  Generic Savings
  Car Cost Comparison
  Transportation Savings

 

Principal (current payoff amount)
Interest Rate 
# of Payments Remaining
Payment Amount
 

 

Copyright 1998-2001 Daniel C. Peterson, All Rights Reserved