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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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# Is your balance on a consolidation loan calculated based on outstanding balances or revolving credit?

Answer . \nThe balance on a consolidation loan is based on the outstanding balances of your debt, not on the total amount of your revolving credit lines.

# How do you calculate average daily balance?

Answer Take the account balance at the end of each day's business. Add all of these balances and divide by the number of days. Average Daily Balance is the practice of cred

# 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

# How do you calculate an average balance on your bank statements?

add all of the balances together and then divide that number by the amount of balances that you added

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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 calculate the average collected balance?

Answer . The definition is: the daily ledger balances less uncollected checks divided by the number of days in a period.

# How to do ARM mortgage loan balance and yield calculation?

http://www.propertyreturns.co.nz/z_est_cashflow.htm

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For charge cards you would:. Divide the balence owed at the end of each day by the number of days in the time period and then apply the interest rate to that.

# How do you calculate yearly average balance?

It is calculated by averaging the balance after each day. This isthen averaged with the closing balance after each month.

# 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 monthly average balance?

Monthly average balance is the sum of daily balances in a month divided by the number of days in that month.

# What is the average cost of a student loan per month?

Wait, let me see. *Scouter breaks* Aaah, it's over 9000!

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# Why do you calculate loans and advances on the asset side of the balance sheet?

Loans here means the loans given to other companies/subsidiaries. The company will receive an interest on these loans and hence is an asset. Advances means any payments to st

# How do you calculate the average minutes of an employee per month?

Log the times for each employee. Calculate the number of minutes. Add them together. Divide by the number of employees. If there are a lot of employees you could take a samp
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# Where can I apply for cash loan for 12 months if I have 1 loan already?

You can apply now loans for 12 month from 12monthloansdirect.co.uk .
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# How is the average daily balance calculated?

it is the sum of the daily balance divided by the number of days in the billing cycle