Auto Loan Rule 78 Calculator

Auto Loan Rule 78 Calculator


Please rate this app if you use it!

Calculator for auto loans that implement the Rule 78 method of calculating interest per annum.

This app shows the resulting instalment per month, and differs from most other amortization apps that show lower values due to the difference in formula. This increased accuracy gives you a better feel of the monthly instalments you will be forking out.

1) Enter the loan amount (after any offsets, etc.)
2) Enter the interest rate per annum in percentage value
3) Enter the length of the loan in months (5 years = 60 months)
4) Calculate! The monthly instalment will be shown.

This Rule 78 method of calculation differs from normal amortization methods because it factors in the annual interest rate. The given figure is noticeably higher, especially if budget is a concern.

Recent changes:
- Ad module removed
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Free
88
4.4
User ratings
5
Installs
1,000+
Concerns
0
File size
27 kb
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About Auto Loan Rule 78 Calculator
Please rate this app if you use it!

Calculator for auto loans that implement the Rule 78 method of calculating interest per annum.

This app shows the resulting instalment per month, and differs from most other amortization apps that show lower values due to the difference in formula. This increased accuracy gives you a better feel of the monthly instalments you will be forking out.

1) Enter the loan amount (after any offsets, etc.)
2) Enter the interest rate per annum in percentage value
3) Enter the length of the loan in months (5 years = 60 months)
4) Calculate! The monthly instalment will be shown.

This Rule 78 method of calculation differs from normal amortization methods because it factors in the annual interest rate. The given figure is noticeably higher, especially if budget is a concern.

Recent changes:
- Ad module removed
User reviews of Auto Loan Rule 78 Calculator
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Android Market Comments
A Google User
Dec 9, 2012
Good Very handy for sales rep in Singapore
A Google User
Dec 9, 2012
Good Very handy for sales rep in Singapore