Interest

rule of 78 calculator v 1.0

Rule of 78 Calculator

This free rule of 78 calculator with amortization schedule can be used for any loan with a maximum term of 600 periods. The calculator will work out the interest expense for any period, and produce a loan amortization schedule over the term of the loan.

Last modified January 12th, 2023 by Michael Brown
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rule of 78 method interest formula

Rule of 78 Method

The rule of 78 method is used to split loan repayments between interest and principal for each period of the loan term. The method results in a higher interest expense and lower principal repayments in the earlier periods.

Last modified October 31st, 2019 by Michael Brown
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interest earned accounting equation

Interest Earned

Interest earned is usually reported in the financial statements of a business in the accounting period in which it is earned under the accounting categories of interest income, interest revenue, or investment revenue.

Last modified February 2nd, 2023 by Michael Brown
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simple and compound interest formula

Simple and Compound Interest

For the same principal, rate, and term, simple interest is always lower than compound interest due to the fact that interest is calculated on interest when using the compounding interest method.

Last modified October 7th, 2022 by Michael Brown
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