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How do you calculate a 12 month average balance on a loan?

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The answer depends on when interest is calculated, how frequently payments are made, the interest rate being charged and the life time of the loan. There are a number of "interest calculators" available on the Internet that can probably show you the answer - working out the answer from scratch means you'll need to add on the interest for each payment / interest cycle over the 12 months and then you can work out the average. If your using this to calculate your interest then an accurate calculation will depened on how your interest is calculated ie. daily monthly semi-annual, or annual. The simplist answer is take the balance of the loan at the end of each month, add them together and then divide by 12
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What is the balance on a loan?

  The balance means the amount of money that you still owe on the loan.

How do you calculate an average?

The average is also called the 'mean' which is the sum of the  values divided by the number of values used. It represents the  number that all the values in the group would

How can you calculate average?

adding up all the data and then dividing the sum by the number of data you had (for example, the average of the numbers 1, 2, and 3 is 1+2+3=6/3=2)

What is the average weight of a 12-month-old?

The average weight of a 12 month old child is three times the birth weight of that child. At 6 months they should be double their birth weight!

How do you calculates average?

add all the outcome / example 15, 64, 21, 7, 10, 3 = 120. Then divide the sum of all the numbers by the number of numbers/ example, take 120 divided by 6=20. So the average nu

Calculate average loan life of a term loan?

It will be different from final maturity, in case this is an amortising loan. In essence, you should be looking at this particular term loan as a series of shorter term loans

How do you calculate average balance on bank statements?

The average monthly balance is calculated by adding the ending monthly balance for the period (usually 12 months) and dividing this by the period. e.g. For a period of 12 mos