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Future Value of Loan Balance
Future Value of loan balance is used to determine the outstanding balance of a loan at a future time after several regular payments have been made. Use the future value of loan balance calculator below to solve the formula.
Future Value of Loan Balance Definition
Future Value of Loan Balance determines the future value of a loan after payments have been made, at a regular frequency, charged a regular rate of interest, compounded at payment dates.
Variables
FV=Future Value of loan balance
PV=Present Value of loan Balance
I=Period interest rate
N=Number of payments
Pmt=Payment amount
Future Value of Loan Balance Formula
Period Interest Rate solved by iteration
