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

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Assuming that the loan principal is paid off in equal installments AND the monthly payment is to be kept the same, the average simple interest paid per month for the loan may be computed as follows: $10,000 principal balance at time 0 months $0 principal balance at time 36 months ($10,000 + $0) / 2 = $5,000 average balance $5,000 is average balance throughout the period of the loan $5,000 x 5% per month = approximately $250 per month. However, the amount of REAL interest is different throughout the life of the loan.

Bankrate.com list the average 36 month car loan at 6.44%

17k 300 per month

Yes, a calculator for auto loans will help you determine how much your monthly payment will be and that is because it will balance out your auto loan will be for, and calculate how much you will own each month dependent on how much your loan will be.

Loan is on balance sheet

Student loan varies from lender to lender, but on an average it is around 1300 Euro. I took a student loan for my college studies from http://wwwcash.co.ukyou can calculate the loan amount and interest rates there.

No, you can not check your loan balance here.

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

You must pay the loan balance out of the proceeds at the time of the sale.You must pay the loan balance out of the proceeds at the time of the sale.You must pay the loan balance out of the proceeds at the time of the sale.You must pay the loan balance out of the proceeds at the time of the sale.

You can use a loan calculator to find out the exact amount of loan you can get. You need to fill in a few details and it will give out the exact amount you will need to pay every month.

How do you find the payoff balance on a personal loan?

4.9% / 12 = .408% , in other words, the loan balance multiplied by .00408.

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