Healthcare & Medical Costs / Healthcare Planning
Medical Payment Plan Interest Calculator
Implementation Specifications
This calculator is planned and documented. The formulas and guidance below are ready for implementation.
Required Inputs
- Total bill amount
- Payment term (months)
- Interest rate (APR)
- Monthly payment amount
Formulas & Calculations
If given payment: Total paid = Payment × Months
Total interest = Total paid - Bill amount
If given term: Monthly payment = Bill × [r(1+r)^n] / [(1+r)^n - 1]
Effective interest cost = (Total paid - Bill) / Bill × 100
Status: Specification complete, implementation pending
To implement: Create app/components/calculators/medical-payment-plan-interest-calculator.tsx and register in app/lib/calculator-registry.ts
See Also
Other calculators in Healthcare Planning