Tenure Calculator

Monthly compounding with fixed end-month payments. Final payment may be smaller.

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Result

Enter your values and run the tool to see your result.

Check the units, enter your values, and run the tool. Results follow the assumptions and method below.

Months to payoffrate == 0 ? ceil(principal/payment) : ceil(-log(1-principal*(rate/1200)/payment)/log(1+rate/1200))