Loanని ఎలా లెక్కించాలి

Loan అంటే ఏమిటి?

Loan amortization spreads equal payments over the loan term. Each payment first covers accrued interest, with the remainder reducing the principal. Early payments are mostly interest; later ones mostly principal.

దశల వారీ గైడ్

1. 1Convert annual rate to monthly: r = annual rate ÷ 12
2. 2Calculate n = total payments (years × 12)
3. 3Apply: M = P × r(1+r)ⁿ / ((1+r)ⁿ − 1)
4. 4Total interest = (M × n) − P

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