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Remaining Debt After Fixed-Rate Period
Determines how much of a loan is still outstanding after a certain time (the basis for follow-up financing).
Type values, assign them with the value keys and press "Solve". It is the same financial calculator as under "Calculator" in the menu above.
Examples for this calculator
Each example is a story with explanation and a "what you learn" takeaway.
Formula
Remaining debt = D·q^n − R·(q^n − 1)/(q − 1), q = 1 + i_nom/m
How the formula works
The remaining debt is the compounded loan minus the compounded installments: D·qⁿ − R·(qⁿ−1)/(q−1). It shows in black and white how little is paid off after the fixed-rate period with low repayment – and how large the follow-up financing turns out.
Remaining debt as the final value of the loan minus the installments paid.
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